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1989 (5) TMI 38 - HC - Income TaxExtract: .......Court considered the case of a person who did not maintain accounts and it was stated that nothing turns upon the fact that an assessee does not maintain accounts. We hold that, in the absence of accounts, interest is to be assessed when it was received by the assessee. The questions are answered accordingly. No costs. J. M. SRIVASTAVA J. -I agree.
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