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COMMISSIONER OF INCOME-TAX versus M. P. AUDYOGIK KENDRA VIKAS


Income Assessment Interest The government does the work of lending and receiving interest to constituents. As a result, the government's notification does not allow the assessee to receive interest in its books and notify the appraisal officer before notifying the appraisal officer. Did not inform that interest would not be estimated in Indian income. Taxes Act, 1961

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