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1998 (8) TMI 15 - MADRAS HIGH COURTExtract: .......mount of principal. It is open to the assessee to choose as to how it will adjust the amount. The Tribunal has, in order to safeguard the Revenue, directed that the amount, if any adjusted by the assessee towards interest will be brought to tax in the year of receipt. We, therefore, do not see any merit in the petitions, and the same are dismissed.
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