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1949 (9) TMI 19 - HC - Income TaxExtract: .......igation upon the Bank to deduct tax under Section 18(3A). The result therefore is that the Bank is entitled to the deduction under Section 10(2)(iii) in respect of interest paid by it to its depositors. We therefore answer the question in the affirmative to the extent of ₹ 32,469. Commissioner to pay the costs. Reference answered accordingly.
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