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of <h1>Rajasthan HC: Income-tax Act doesn't apply to interest on Government securities as stock-in-trade</h1> The Rajasthan HC held that Income-tax Act provisions did not apply to interest on Government securities held as stock-in-trade, following a precedent. - ... - The Rajasthan High Court decided that provisions of Income-tax Act did not apply to interest on Government securities held as stock-in-trade. The decision was based on a previous case involving similar circumstances. The question was answered in the affirmative.
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