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1990 (8) TMI 7 - HC - Income Tax
Extract:
.......ividends and interest amounting to Rs. 3,15,936 is assessable as income from other sources. Question No. 3 is answered as follows The applicant-company is entitled to a deduction of establishment expenses of Rs. 50,968. Question No. 4 is answered in the negative and in favour of the Revenue. In the circumstances, there will be no order as to costs.