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1992 (9) TMI 24 - HC - Income TaxExtract: .......he interest received on fixed deposits made under rule 3A must be treated as business income and assessed to tax under the head Profits and gains of business or profession . In this view of the matter, we answer questions Nos. 2 and 3 in the affirmative and in favour of the assessee. There will be no order as to costs. SHYAMAL KUMAR SEN J.-I agree.
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