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1987 (7) TMI 73 - HC - Income TaxExtract: .......uch they are not answered. The first limb of question No. 2 is answered as under The Tribunal is correct in holding that the assessee is not entitled for exemption under section 57(iii) of the Act and in not allowing under these provisions the deduction of the amount of interest paid by him on the loans taken on pledging his fixed deposit receipts.
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