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1994 (4) TMI 96 - ITAT BOMBAY-AExtract: .......stly by way of interest deposits from co-operative banks which is exempt under clause (d) of section 80P(2) of the Act. The exercise undertaken by the revenue, it would appear in the circumstances, has become futile and we direct the Assessing Officer to allow the claim of the assessee for relief as claimed. 5. In the result, the appeal is allowed.
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