1992 (2) TMI 77

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..... JUDGMENT Pursuant to the direction given by this court, reference has been made by the Income-tax Appellate Tribunal, Cuttack Bench (in short, "the Tribunal"), under section 256(2) of the Income-tax .....

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..... ed in the said case that the interest component of an arbitration award is not taxable, being in the nature of a capital receipt. We are in agreement with the view expressed by this court in Govinda C .....

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