1981 (10) TMI 75

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Full Text of the Document

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....) dated 11th February, 1980 relating to the assessment year 1976-77. 2. The only issue in this appeal is whether the addition of Rs. 6,120 by way of disallowance of interest is justified or not. After hearing the parties, we find that there is no case for sustaining the addition. The assessee is a registered firm and carries on the business of ginning of kapas. For the assessment year under app....