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1987 (8) TMI 160 - ITAT MADRAS-AExtract: .......hat the enhanced interest collected by these banks formed part of its interest earned and could not be considered to represent the tax liability and be excluded from the chargeable interest. We have, therefore, to reject the claim of the assessee-banks and confirm the orders of the authorities below. 8. In the result, all the appeals are dismissed.
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