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1997 (12) TMI 87 - HC - Income TaxExtract: .......o the contrary has come to our notice. For the forgoing reasons, we are of the opinion that the Tribunal was not correct in law in holding that there was no income within the meaning of section 2(24)(iv) assessable in the hands of the assessee. Both the questions are answered in the negative, i.e., in favour of the Revenue and against the assessee.
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