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2002 (10) TMI 88 - HC - Income TaxWhether the payment made by the assessee which is a company engaged in retail finance services, corporate advisory services, securities trading and assets securitisation to the persons who had invested in a scheme floated by the assessee under which the investor was guaranteed a minimum return of 1.5 per cent. a month, is "interest" as it is defined in section 2(28A) of the Income-tax Act, 1961. - The questions referred to us, have to be and are answered in favour of the Revenue and against the assessee.
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