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2008 (8) TMI 802 - AT - Income TaxExtract: ....... on the former grounds by which we have held that the income is chargeable to tax under the head Profits and gains from business or profession . If the income is so taxed, the assessee would be entitled to deduction of interest under section 36(1)(iii). We uphold the impugned order on this score also. 12. In the result, the appeal stands dismissed.
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