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1984 (1) TMI 30 - KARNATAKA HIGH COURTExtract: .......ny asset. That was a plain case of withdrawal upon premature termination of fixed deposit and, consequently, repaying the excess interest to the bank. It was not shown in that case that the fixed deposit was prematurely withdrawn for the purpose of earning any income. In the result, we answer the question in the affirmative and against the Revenue.
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