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    <title>2002 (12) TMI 72 - BOMBAY High Court</title>
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    <description>The court allowed the petition, ruling that interest received from the RBI on Dated Government Securities is not taxable under section 2(7) of the Interest-tax Act. The decision set aside the revisional authority&#039;s ruling, clarifying that it applies only to interest received from the RBI on the specific securities held by the petitioner on the coupon date, excluding interest earned from trading these securities. The petition was granted as per prayer clause (b), with no costs awarded.</description>
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    <pubDate>Wed, 04 Dec 2002 00:00:00 +0530</pubDate>
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      <link>https://www.taxtmi.com/caselaws?id=12175</link>
      <description>The court allowed the petition, ruling that interest received from the RBI on Dated Government Securities is not taxable under section 2(7) of the Interest-tax Act. The decision set aside the revisional authority&#039;s ruling, clarifying that it applies only to interest received from the RBI on the specific securities held by the petitioner on the coupon date, excluding interest earned from trading these securities. The petition was granted as per prayer clause (b), with no costs awarded.</description>
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      <pubDate>Wed, 04 Dec 2002 00:00:00 +0530</pubDate>
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