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1978 (10) TMI 23 - HC - Income TaxExtract: ....... from banking business as the provident fund cannot be utilised in the business of banking. The income from interest of investment of provident fund also, therefore, does not qualify for exemption under s. 81(i)(a) of the Act. For the reasons given above, we answer the question referred to us in the affirmative. There shall be no order as to costs.
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