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1998 (4) TMI 551 - HC - Income TaxExtract: ....... which form part of its liquid assets. Interest so earned has, therefore, to be regarded as income earned from the business of banking and that interest is deductible under s. 80P(2)(a)(i) of the Act. 9. The question referred to us is, therefore, answered in favour of the assessee and against the Revenue. The parties to bear their respective costs.
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