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2005 (3) TMI 390 - ITAT CUTTACK
Extract:
.......ar 1996-97 is concerned, we direct that the benefit of accumulation of income be allowed separately under sub-sections (1) and (2) of section 11. We also direct that the entrance fees received in that year be treated as capital receipts not to be included within the income of the assessee. 21. In the result, the appeals of the assessee are allowed.
