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1984 (2) TMI 20 - HC - Income TaxExtract: .......penal interest amounting to Rs. 5,050 on sales tax collection withheld by the assessee in utilising for the purpose of its own business, was not admissible as deduction in computing its total income. The question is, therefore, answered in the negative. On the facts and in the circumstances of the case, the parties are left to bear their own costs.
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