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2000 (9) TMI 24 - GUJARAT HIGH COURTExtract: .......n 41(2) and, therefore, the said amount received by him as a partner cannot be subjected to tax as profits under the said section. As a result of the aforesaid discussion, the question referred to us is answered in the affirmative, in favour of the assessee and against the Revenue. Reference is accordingly disposed of but with no order as to costs.
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