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1961 (9) TMI 65 - HC - Income Tax
Extract:
....... out, we must hold that the amount of Rs. 3,22,869 was not the income of the assessee which was liable to tax in the assessment year 1952-53. In our opinion, therefore, the answer to the question referred to us by the Tribunal must be in the negative. The assessee will be entitled to its costs from the department. Question answered in the negative.