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1990 (9) TMI 12 - CALCUTTA HIGH COURTExtract: .......case, although termed as interest, in fact, represents damages under section 14B of the Act and hence is not allowable as a deduction. For the reasons aforesaid, we answer the question in this reference in the affirmative and in favour of the Revenue and against the assessee. There will be no order as to costs. BHAGABATI PRASAD BANERJEE J.-I agree.
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