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2010 (9) TMI 238 - HC - Income TaxInterest income - accrued on advance - interest on advance made by the assessee to the Haryana State Electricity Board by accepting the contention of the assessee that it was maintaining cash system of accounting and no interest income was received during the year - allowance of depreciation on capital assets, when capital expenditure relating to acquisition of such assets had already been allowed as "application of income" for the purpose of allowing exemption under section 11 of the Income Tax Act, 1961 - Held that: - that identical appeal of the revenue being I.T.A. No.138 of 2010 CIT v. Market Committee, Ladwa has been dismissed by Court - Appeal is dismissed
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