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1982 (3) TMI 125 - AT - Income TaxExtract: .......e of earning interest on savings. In our opinion, the narrow interpretation given by the authorities below to deny the assessee deduction under section 80P(2)(d) is not justified. We, therefore, reverse their orders and direct that the said amount of interest be treated as exempt under section 80P(2)(d) for the year under appeal. 7. Appeal allowed.
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