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2006 (1) TMI 448 - ITAT MUMBAIExtract: ....... any logic, the income received by the assessee could not be treated as dividend income. Since the assessee was in business of providing loans, in our opinion, the income was rightly assessed by the Assessing Officer as business income. The order of the Learned CIT(A) is, therefore, upheld. 6. In the result, appeal of the assessee stands dismissed.
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