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2012 (12) TMI 603 - HC - Income TaxDeduction u/s 80IC - income derived from industrial undertaking - nature of interest income - held that:- In Govinda Choudhury's case (1992 (4) TMI 8 - SUPREME COURT) the Hon'ble Apex Court held that the interest awarded to the respondent-assessee therein in an arbitration proceeding for delayed payments under a contract executed by him was to be recorded as business income and could not be treated as "income from other source". - Decided against the revenue.
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