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2010 (9) TMI 53 - HC - Income TaxPPF Deposit- Question raised was whether the tribunal was right in disallowing the rebate u/s 88 in respect of PPF deposit on the ground that it was not made out of the income chargeable to Income Tax- The asseessee had made the deposit out of borrowed money but he had sufficient income chargeable to tax to make that deposit. Court declined to decide the case as no body had appeared for the assessee.
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