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1962 (1) TMI 64 - PUNJAB HIGH COURT
Extract:
.......tion Act and the award given by the Collector of Pepsu on the 30th of September, 1955, the sum of ₹ 48,660 was not a capital but a revenue receipt and as such was liable to tax under the Income-tax Act. The Commissioner of Income-tax shall be entitled to the costs of this reference which are assessed at ₹ 250. INDER DEV DUA J.--I agree.