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1946 (9) TMI 1 - HC - Income TaxExtract: .......arity. Under the circumstances I agree with the learned Chief Justice that that portion of the income of ₹ 23,515 earned by the assessee as is attributable to the period after the 7th of October 1940, when the trust deed was executed, is exempt from taxation under Section 4 (3) (i) of the Indian Income-tax Act. Reference answered accordingly.
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