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CIT v. Lakshmi Vilas Bank Ltd. (2022) 287 Taxman 333/ 113 CCH 336 (Mad.)(HC)

S. 37(1) : Business expenditure-Stock in trade-Interest paid towards broken period on such securities allowable as revenue expenditure.

Held that expenditure incurred  towards broken period on such securities  allowable  as revenue expenditure  (AY. 2002-03)