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2003 (3) TMI 57 - HC - Income Tax"1. Whether, Tribunal is right in law in holding that the provision of Rs. 2,19,163 made to the Molasses Storage Fund is an allowable deduction? - 2. Whether Tribunal is right in law in holding that the incentive, received by way of rebate on excise duty payable and increased percentage of levy-free quota of sugar, is not assessable as income of the assessee? - 3. Whether, Tribunal is right in law in holding that the initial depreciation allowed prior to the assessment year 1983-84 and earlier years should not be deducted from the written down value of the assets? - 4. Whether, Tribunal is right in law in holding that the bank interest earned on the Molasses Storage Fund does not constitute the assessee's income?" - All questions are answered in favour of the assessee except fourth question
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