The High Court dealing with the amount of Rs.9,000 held: "The Tribunal considered the claim for exemp tion in respect of amount of Rs.9,000 received by the assessee from the Bazpur Cooperative Sugar Factory and held that this represented the interest received on the cash security of Rs.2,00,000 which was furnished by the asses see for carrying on the sugar agency business, and as such it could not be said that it was interest from securities or interest from investments and as such rejected the claim made in respect of this amount under Section 14(3)(iii) of the Act." The High Court considered the exigibility of the sum of Rs.9,000 to tax analogously with the taxability of the other sum and did not pointedly take note of the fact that the sum of Rs.2,00,000 had been given as security and the arrange ment entered into between the assessee and the Bazpur Coop erative Sugar Factory stipulated payment of interest of 4 1/2 per cent per annum.