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2007 (7) TMI 340 - AT - Income TaxExtract: .......x in its hands in that year on accrual basis. In that view of the matter, we set aside the impugned order of the learned CIT(A) on this issue and direct the Assessing Officer to delete the addition of Rs. 2,40,000 made to the total income of the assessee on account of interest on debentures. 15. In the result, the appeal of the assessee is allowed.
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