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2014 (4) TMI 748 - HC - Income TaxNotional Interest - Accrual of interest – Held that:- the amount has been accepted by the assessee as its own income, there is no justification in assuming that the assessee has paid interest on such amount - No addition is required on the basis of assuming interest on the amount which has already been accepted by the assessee as his own income - The reasonable approach has been adopted by the Tribunal – thus, no error of law is committed and no substantial question of law is arise for consideration – Decided against Revenue.
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