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1984 (2) TMI 74 - HC - Income TaxExtract: .......atutory provision for payment of interest. Now, turning to the second question, which is as to whether the amount is taxable in a lump sum, we have answered this question in the negative, and hold that the interest has to be assessed as spread over the period of 22 years. The questions are answered accordingly. As this is an unusual case, no costs.
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