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2009 (9) TMI 981 - AT - Income TaxExtract: ....... in the Act under which the interest payment is exempt from tax deduction. Accordingly, we uphold the orders of the income tax authorities and dismiss the grounds. 5. The other grounds relating levy of interest are consequential. 6. In the result, the appeal of the assessee is partly allowed. Order pronounced in the open court 18th September, 2009.
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