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2000 (7) TMI 215 - ITAT DELHIExtract: .......st earned by the company by utilising the borrowed funds as its income. Any set off or deduction of any expenditure can only be made in accordance with the provisions of the Act. 6. Following the same, it is held that the interest amounting to Rs. 22,84,994 earned by the assessee was rightly taxed. Accordingly, the additional grounds are dismissed.
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