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1965 (4) TMI 9 - SC - Income TaxWhether on a true interpretation of clause (viii) of sub-section (3) of section 4 of the Indian Income-tax Act the sum of ₹ 36,396 received by the assessee as an allowance during the previous year of the assessment year 1949-50 is revenue income liable to tax under the Indian Income-tax Act, 1922 ? Held that:- The allowance is revenue income and not exempt from taxation as agricultural income. Therefore, we accept the appeal and answer the question referred in the affirmative
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