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2008 (8) TMI 123 - HC - Income TaxEntitlement to claim exemption u/s 10B on the interest income earned from M/s Wolkem India Ltd.(sister concerrn) – assessee’s submission that income was the result of business transactions between the assessee and seller, and therefore, it clearly falls within the definition of “Profits and Gains” and therefore, the assessee was entitled to exemption under section 10B, is acceptable – revenue’s appeal are dismissed – tribunal was justified in granting exemption
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