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1979 (1) TMI 5 - BOMBAY HIGH COURT
Extract:
.......he income of the assessee. In case the widow of life member becomes a life member on payment of Rs. 500, a sum of Rs. 150 out of this amount of Rs. 500 shall be treated as a capital receipt and the balance of Rs. 350 as the income of the assessee. The fair order in respect of costs in this case would be that the parties should bear their own costs.