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2008 (4) TMI 234 - HC - Income TaxHeld that interest earned/accrued by the assessee on the share application money, lying with the Bank, under the mandate of Section 73 of the Companies Act, is not taxable as “Income from other source”, and was required to be set off or adjusted, against the public issue expenses, so as to reduce the amount of public issue expenses, for the purpose of enabling the assessee to claim amortization, under and in accordance with the provisions of Section 35D
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