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1942 (9) TMI 7 - HC - Income TaxExtract: .......st paid on these debentures represents taxable income. Consequently the answer to the second question is that the interest on the debentures represents interest on an investment. (O.P. No. 115 of 1942.) In O.P. No. 115 of 1942 the assessee agreed to accept the assessment and accordingly the Court was not called upon to answer the question referred.
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