1985 (12) TMI 96

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....re disposed of by this consolidated order for the sake of convenience. 2. In the Revenue's appeal, the action of the AAC in allowing interest payment to Shri Nawal Kishor in the capacity of individual' and having held that the same is not hit by the provisions of s. 40 (b) of the IT Act. 1961, is challenged. In this case, it is the HUF in a representative capacity, of which Nawal kishore was th....