1989 (12) TMI 24

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..... RY JUDGMENT The judgment of the court was delivered by KIRPAL J. -We heard counsel for the parties. In our opinion, the following two questions of law arise. We, accordingly, direct the Tribu .....

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..... at the interest receipt should first be deducted from the interest paid and, thereafter, the balance of interest paid should be allocated against the taxable and non-taxable incomes of the assessee ?" .....

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