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1997 (12) TMI 54 - HC - Income TaxExtract: .......s receipts from the contract business. The Income-tax Tribunal was not legally correct in taking the view that the sum of Rs. 2,00,080 received as interest by the assessee was an ex gratia payment which was not liable tax. The question-referred to this court is, therefore, answered in the negative, in favour of the Revenue and against the assessee.
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