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1967 (5) TMI 7 - SUPREME COURT
ITO held that out of the consideration of Rs. 74,000, Rs. 4,000 should be allocated to the workshop assets and the balance of Rs. 70,000 be taken into account under s. 10(2)(vii), proviso two, of the IT Act, 1922, as profit of the service - held that sum of Rs. 45,698 is not assessable to tax under the provisions of the second proviso to s. 10(2)(vii)