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2008 (3) TMI 325 - HC - Income TaxDeduction of Interest – Security transaction – adjustment u/s 143(1) – whether the difference in interest amount accounted for by the assessee on accrual basis in his books of account and the amount actually offered for taxation in computation of income submitted by the assessee should be the subject-matter of adjustment under section 143(1)(a) for raising a demand of tax and additional tax on that basis – held that - in view of the ratio laid down in Vijaya Bank Ltd.’s case [2008 -TMI - 5316 - SUPREME Court] which very much applies to the circumstances and facts of the present case, the judgment of the learned Tribunal cannot be sustained - the questions framed in all the four cases are answered as above in favour of the Revenue and against the assessee
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