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2001 (6) TMI 183 - Income Tax
Extract:
.......the interest earned on business fund lying idle and temporarily lent to M/s G.R. Industries to be arriving out of business activity, and as such to be income from business and not as income from other sources. I order accordingly. 17. In the result the assessee s appeal being ITA No. 447/Jd/1999 may be treated as allowed in part as indicated above.