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2000 (5) TMI 160 - AT - Income TaxExtract: .......e CIT s order under s. 263, passed on 22nd March, 1999, revising the assessment order for asst. yr. 1994-95, on the point/issue of allowability of liabilities on account of interest payable on deposits under the aforesaid two schemes is declared bad in law and void ab initio and consequently, quashed and set aside. The assessee s appeal is allowed.
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