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2007 (1) TMI 209 - AT - Income TaxExtract: .......shavji Ravji and Co. that one of the relevant tests would be to see whether the funds on which interest is paid or received partake of the same character. In this case, interest paid and received do not partake of the same character. Therefore, no benefit of netting of interest is allowed. 26. In the result, the appeal of the assessee is dismissed.
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