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2005 (10) TMI 59 - HC - Income TaxInterest Tax Act, 1974 - "(1) Whether, Tribunal was right in holding that hire purchase finance charges are not subject to interest-tax, without going into the nature of the financial transactions? (2) Whether, Tribunal was right in holding that interest from Government securities is not subject to interest-tax?" - both questions are answered in the affirmative, against the Revenue and in favour of the assessee
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