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1992 (7) TMI 118 - ITAT COCHIN
Extract:
....... and parcel of the sale consideration. The interest was received in the year under an agreement and, therefore, it is in the nature of income. Accordingly, we uphold the addition of Rs. 1,65,389 for the asst. yr. 1986-87. 15. In the result, the appeal for the asst. yr. 1986-87 is partly allowed while the appeal for the asst. yr. 1988-89 is allowed.