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1990 (9) TMI 5 - SC - Income Tax
Assessee purchased securities - It is contended that the price paid for the securities was determined with reference to their actual value as well as the interest which had accrued on them till the date of purchase - amounts claimed by the assessee as deduction are not shown to have been expended for the purpose of realising the interest and are, therefore, not allowable as deductible expenditure.