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of <h1>Bank interest not deductible, leave with wages claim allowed: Case Outcome</h1> The High Court of Punjab and Haryana ruled that weighted deduction on bank interest on packing credit was not allowed due to non-compliance with section ... - The High Court of Punjab and Haryana ruled on two questions:1. Weighted deduction on bank interest on packing credit was not allowed as the requirements of section 35B were not met.2. The claim for leave with wages was allowed as per precedent, concluding against the Revenue.No costs were awarded in this case.
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