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1991 (12) TMI 22 - HC - Income TaxExtract: .......ax. We, therefore, hold that the impugned notices have been validly issued. The petitions are, therefore, dismissed subject, of course, to our observations made above. The income so accrued or accruing as interest shall be spread over for the purpose of assessment of income-tax for the relevant accounting years. There shall be no order as to costs.
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