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2000 (2) TMI 856 - HC - Income TaxExtract: .......ncome only when it is actually received.” In View of the above observations, we are of the view that the Tribunal was right in law in holding that no interest accured on loans and finally in deleting the addition of the interest amount of ₹ 87,720/-. Reference is accordingly answered in favour of the assessee and against the department.
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