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2000 (12) TMI 16 - HC - Income TaxExtract: ....... the Tribunal to the effect that the income arising from the contract was to be assessed in the hands of the Hindu undivided family, is also correct. For the foregoing reasons, our answer to both the questions referred to us is in the affirmative, i.e., in favour of the Revenue and against the assessee. There will, however, be no order as to costs.
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