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2005 (2) TMI 34 - HC - Income TaxInterest Tax Act, 1974 - "Whether, Tribunal was right in law in holding that the hire purchase finance charges and service charges do not constitute chargeable interest under section 2(7) of the Interest-tax Act for the purpose of interest-tax assessment?" - Appellate Tribunal has found that it is not the case of the Revenue that the hirer is the real purchaser of the asset and the assessee is only a financier to help the purchaser and such things are not coming out from the agreement. We, therefore, hold that the finding recorded by the Appellate Tribunal is a finding of fact and there is nothing to interfere with the said finding
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