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1990 (6) TMI 92 - AT - Income TaxExtract: .......ot be denied exemption u/s. 11 and only its income from dividend on 12,000 shares should be brought to tax at prescribed rate because such income is not from specified securities. We would, therefore, direct the ITO to accept the assessee s contention in this regard and modify the assessments accordingly. In the result, both the appeals are allowed
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