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2008 (1) TMI 931 - DELHI HIGH COURTExtract: ....... and it becomes chargeable to income-tax as the income of that previous year." (p. 374) 16. So, we are of the view that the amount has rightly been brought to tax under section 41 of the Act, and as such the reference is answered in the affirmative in favour of the Revenue and against the Assessee. 17. The reference is disposed of accordingly.
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