2002 (8) TMI 882

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..... n respect of business loans taken by it from the bank, deduction having been claimed therefore in the return. 2. The assessee has been successful both at the appellate stage and before the Tribunal. The assessee was unsuccessful before the AO who did not accept the assessee's argument about interest-free loans given to its subsidiary M/s Croton Trading Ltd. The reasoning of the AO was that .....

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