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1977 (6) TMI 53 - ITAT MADRAS-AExtract: .......Andhra Pradesh High Court in CED vs. Sanka Simhachalam. There is no decision taking a contrary view. Applying the principle laid down in the above decision, we held that exemption of Rs. 1 lakh has to be granted under s. 35(1)(n). We direct that the assessment be modified in accordance with our findings recorded above. 18. Appeal is partly allowed.
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