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1997 (2) TMI 50 - MADRAS HIGH COURTExtract: ....... arising from the property is includible only in the hands of the assessee. Hence, the view of the Appellate Tribunal that the income of the property is not includible in the assessment of the assessee-firm is not sustainable in law. Accordingly, we answer the question of law referred to us in the negative and in favour of the Department. No costs.
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