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    <title>2012 (12) TMI 418 - MADRAS HIGH COURT</title>
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    <description>The Court partly allowed the appeal, confirming the CIT (Appeals) decision on broken period interest and valuation of securities. It directed the Tribunal to reconsider specific grounds not addressed previously and accepted the appellant&#039;s claim for deduction of additional interest paid to PSUs as per RBI guidelines. The third question of law was remanded back to the Assessing Officer for further consideration.</description>
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      <description>The Court partly allowed the appeal, confirming the CIT (Appeals) decision on broken period interest and valuation of securities. It directed the Tribunal to reconsider specific grounds not addressed previously and accepted the appellant&#039;s claim for deduction of additional interest paid to PSUs as per RBI guidelines. The third question of law was remanded back to the Assessing Officer for further consideration.</description>
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