Taxpayer's Interest Expense Partially Disallowed; Expenditure Allowed u/s 57(iii); Additions Deleted by Assessing Officer.

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....Disallowing part of interest expense claimed u/s 57 - expenditure incurred by the assessee, genuineness of which was not disputed by the A.O are allowable expenditure in terms of provisions of Section 57(iii) - Additions deleted - AT....