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1998 (1) TMI 102 - AT - Income TaxExtract: .......1-3-1989. In the circumstances of this case, we hold that the interest payment of Rs. 30,230 is not adjustable against the interest earned on the deposit with the bank. The result is that the entire sum of Rs. 2,31,596 was rightly excluded in working out the deduction under section 80HHC. 12. In the result, this appeal by the assessee is dismissed.
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