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1957 (7) TMI 45 - HC - Income TaxExtract: .......me-tax Act and also that the receipt of interest from fixed deposits was not exempt from taxation under the notifications of the Central Board of Revenue. I would accordingly answer both the questions of law referred by the Income-tax Appellate Tribunal in favour of the Income-tax Department and against the assessee. Raj Kishore Prasad, J.-I agree.
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