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1988 (5) TMI 27 - PUNJAB AND HARYANA HIGH COURTExtract: .......nterest paid under section 3(3) of the U.P. Sugarcane Cess Act was not a penalty paid for infringement of the law and was an allowable deduction under section 10(2)(xv). Following that decision, question No. 1 is answered in the affirmative. Question No. 2 follows suit as already stated above and the reference stands answered accordingly. No costs.
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