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2011 (8) TMI 1367 - AT - Income TaxExtract: .......ssessee on the deposits held in the EEFC account cannot be treated as business income.” 6. Respectfully following the decision of Hon’ble High Court (supra), we decide the issue against the assessee and in favour of the Revenue. 7. In the result, the appeal of the assessee is dismissed. Order pronounced on this 24th day of August, 2011.
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