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1980 (2) TMI 105 - ITAT BOMBAY-BExtract: .......e nature. In this view of the matter, we hold that the Supreme Court s decision in the case of CIT vs. Dharmodayam and co. 1977 CTR (SC) 341 (1977) 109 ITR 527 (SC) squarely applies to the facts of the case. In the premises, the ITO is directed to treat the income of the assessee trust as exempt under s11. 6. In the result, the appeals are allowed.
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