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2013 (12) TMI 551 - HC - Income TaxTaxability of interest from FDR - Held that:- The interest income must be taken on receipt basis shown by the assessee from the F.D.Rs., Sahara and L.I.C. mutual funds - The assessee is maintaining the accounts on actual receipt basis and he is not maintaining any account on mercantile basis, as appears from the record - Decided in favour of assessee.
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