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Commissioner Of Income Tax, New Delhi vs Oriental Fire & General Insurance Co. ... on 18 May, 2007

45. Aggrieved, Revenue is in appeal before us. After hearing the rival submissions and perusing the material on record, we find that the CIT(A) has allowed the appeal of assessee following the decision of Hon'ble Karnataka High Court in the case of CIT vs. Oriental Insurance Company Ltd. (2009) 183 Taxman 186 wherein it has been treated as in the nature of interest and hence admissible.
Supreme Court of India Cites 25 - Cited by 74 - S B Sinha - Full Document
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