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1970 (3) TMI 54 - HC - Income TaxExtract: .......idend income earned in India in the year of account 1951 when the assessee-company has been assessed as non-resident. Interest paid in respect of this promissory note in the year of account 1953, was deductible expense from the total world income of the assessee-company, as it was assessed for that year as resident. The Commissioner will pay costs.
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