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I.T.A. NO. 2160/KB OF 2001, DECIDED ON 9TH APRIL, 2002 versus I.T.A. NO. 2160/KB OF 2001, DECIDED ON 9TH APRIL, 2002


Second Schedule, Part I, CL (176) The interest income on the advance of the sister concern in the rebate electricity generating business was not related to the electricity related business in raising sister concerns such as The interest earned on the advance was properly taxed. The appraising officer and the first appellate authority correctly confirmed this

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