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2004 (7) TMI 327 - ITAT LUCKNOW
Extract:
.......-free funds available to match the interest-free advances. Keeping in view these decisions, we hold that the ld. CIT(A) was not justified in sustaining the disallowance of interest made by the Assessing Officer. The disallowance sustained by the ld. CIT(A) is, therefore, deleted. 27. In the result, the appeals for both the years are partly allowed.