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1964 (12) TMI 49 - MADRAS HIGH COURTExtract: .......at would not suffice to satisfy the test of mutuality. We are unable to agree that despite the decision of the Supreme Court, there is still scope for exemption of any portion of the income as claimed. The question is accordingly answered in the negative and against the assessee. In the circumstances of the case, there will be no order as to costs.
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