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1954 (9) TMI 30 - BOMBAY HIGH COURTExtract: .......question whether the income is assessable under the head "capital gain" under section 12-B of the Act, and our view clearly is that the income is not so assessable. We would, therefore, answer question No. 1 "It is capital receipt" and question No. 2 in the negative. The Commissioner to pay costs. Reference answered accordingly.
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