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1978 (8) TMI 52 - HC - Income TaxExtract: .......est. It also cannot be said that the assessee has established that the expenditure was incurred solely and wholly for the purpose of earning interest from the Central Bank of India. For the reasons given above the question No. 2 is answered in the negative and in favour of the revenue. There will be no order as to costs. C. R. BANERJI J.-- I agree.
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