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1987 (9) TMI 18 - HC - Income TaxExtract: ......., this reference is partly allowed. So far as question No. 1 is concerned, we answer the same in the affirmative, that is, in favour of the Revenue and against the assessee. So far as question No. 2 is concerned, we hold that the Tribunal was right in disallowing the interest except to the extent of Rs. 5,102.36. There will be no order as to costs.
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