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1997 (7) TMI 13 - SUPREME COURT
Priority Industry - assessee is a public limited company having a licence under Electricity (Supply) Act, 1948- assessee is not entitled to the deduction transferred by it to the 'development reserve' account and to the 'tariffs and dividend control reserve' account, transferred by it to the 'development reserve' account - in respect of income earned by way of interest on investment in securities of the amounts appropriated to the contingencies reserve, assessee is entitled to relief u/s 80-I
