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1991 (6) TMI 12 - ANDHRA PRADESH HIGH COURT
Extract:
.......aid reasons, we hold that the sum of Rs. 18,913 being interest received by the assessee-company from bank deposits could be brought to tax for the assessment year 1977-78 and the Income-tax Appellate Tribunal is not justified in annulling the assessment. We answer the question accordingly in favour of the Revenue and against the assessee. No costs.