2009 (2) TMI 79

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..... igible Business – in instant case interest earned by the assessee is part & parcel of the business income, therefore, deduction under Section 32AB of the Act in respect of interest income is granted - 569 of 1999 - - - Dated:- 10-2-2009 - D. A. MEHTA and S.R.BRAHMBHATT, JJ. Mr. M. R. Bhatt with Mrs. Mauna M. Bhatt for the Appellant. Mr. R.K. Patel for the Respondent. JUDGMENT JU .....

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..... OF INCOME-TAX , (2002) 255 ITR 273, has decided the very same issue and held that merely because the income from dividend is shown under a different head of income, would not deprive the assessee of benefit under Section 32AB of the Income Tax Act 1961 (the Act), so long as it is found that the investment made by the assessee is in the course of its Eligible Business. The Assessment Year invol .....

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