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1981 (3) TMI 8 - HC - Income TaxExtract: .......of the misapplication of a portion of the fund, a heavy tax liability has been imposed upon the fund. We hope and trust that, in future at least, care is taken to see that the contributions to the fund are strictly applied for the purposes, for which they are intended and the fund is not put to the necessity of paying any tax on such contributions.
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