1989 (12) TMI 24

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....989<br>- - -<br>Income Tax<br>Judge(s)&nbsp; : B. N. KIRPAL., C. L. CHAUDHARY&nbsp; JUDGMENT The judgment of the court was delivered by KIRPAL J. -We heard counsel for the parties. In our opi....

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....cts and in the circumstances of the case, the Tribunal is correct in Law in holding that the interest receipt should first be deducted from the interest paid and, thereafter, the balance of interest p....