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2001 (8) TMI 57 - MADRAS HIGH COURTExtract: .......al was not correct in law in holding that the entire receipt is not taxable. The commuted pension of Rs.1,32,765 is taxable subject to the provision of section 10(10A)(iib) of the Income-tax Act, 1961. Accordingly, we answer the question of law referred to us in the negative and in favour of the Revenue. However, there will be no order as to costs.
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