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1995 (6) TMI 15 - HC - Income TaxExtract: .......stified and right. With regard to the second contention as to the rate of tax, it is brought to our notice that in view of the settled position of law the rates of tax on interest would be consistent with the rate of profit on the principal business at which the tax is levied in accordance with law. With this observation, the matter is disposed of.
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