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1998 (7) TMI 4 - HC - Income TaxExtract: .......unal was, therefore, in error in holding that the sum of Rs. 50,000 paid by T. I. Miller Limited to the assessee was a capital receipt in the hands of the assessee and not a revenue receipt. The question referred to us is, therefore, answered in favour of the Revenue and against the assessee. The parties are directed to bear their respective costs.
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