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1999 (5) TMI 3 - SC - Income Tax
In view of this circular of October 9, 1984, which was then in force and which was binding on the assessing authorities, the interest on sticky advances in those years could not be taxed - hence Assessing Officer was right in not taxing the interest in suspense account for the assessment year 1981-82 in view of the Circular dated October 9, 1984.
