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1993 (12) TMI 19 - GUJARAT HIGH COURT
Extract:
.......Tribunal was right in holding that only the gross amount of interest would enter into the computation for the purpose of allocation and not the net amount. Hence, question No. 2 is answered in the negative, i.e., in favour of the Revenue and against the assessee. In the result, the reference stands disposed of accordingly with no order as to costs.