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2000 (12) TMI 226 - ITAT HYDERABAD-AExtract: .......erefore, we uphold the plea of the assessee that the hire charges earned by it in the three years involved before us i.e. Rs. 6,10,044, Rs. 13,02,480 and Rs. 11,59,216 are not interest within the meaning of section 2(7) of the Interest-tax Act, 1974 and cannot be accordingly subjected to interest tax. 18. In the result, appeals are allowed in part.
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