in profit making. Therefore, the expenditure in the nature of broken period interest was capital expenditure. Learned ASG, thus, submitted that the assessees in these cases will not be entitled to a deduction of broken period interest. CONSIDERATION OF LEGAL POSITION 10. We deal with the legal position at the outset. As noted, Sections 18 to 21 were deleted from 1st April 1989. In this group of appeals, we are not concerned with cases before the financial year 1988­89. Section 14 of the IT Act reads thus: “14. Heads of income.— Save as otherwise provided by this Act, all income shall, for the purposes of charge of income­tax and computation of total income, be classified under the following heads of income:— A.—Salaries. B. * * * * * C.—Income from house property. D.—Profits and gains of business or profession. E.—Capital gains. F.—Income from other sources.” Civil Appeal No.3291­3294 of 2009, etc. Page 13 of 45Clause B was of “interest on securities”. It was deleted with effect from