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1995 (8) TMI 99 - ITAT HYDERABAD-AExtract: .......ction 67(1)(b) and the proceedings under section 155, the assessee can claim the amount as not taxable in his hands on the basis of the Full Bench decision of the Patna High Court in Atma Ram Budhia s case. 7. We, accordingly, direct the ITO to exclude the amount of Rs. 50,000 from the income of the assessee. 8. In the result, the appeal is allowed
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