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1982 (2) TMI 156 - ITAT MADRAS-CExtract: .......ued on the deposit, it cannot be said as a further deposit under the Companies (Acceptance of Deposits) Rules, 1975. In view of the finding given above, the interest disallowance u/s 40A(8) of the Act is not proper and correct and such disallowance in the three years are deleted. 10. In the result, all the three appeals of the assessee are allowed.
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