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1985 (10) TMI 66 - HC - Income TaxExtract: .......he Revenue. We may clarify that, in our view, the income from the Government securities standing in the names of the banks held by the assessee as its stock-in-trade is income liable to be computed and taxed under the head Interest on securities . The respondent assessee to pay the costs of these references to the applicant-Commissioner in one set.
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