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1997 (3) TMI 82 - HC - Income TaxExtract: .......s to section 10(2)(xv) of the 1922 Act. In this view, the opinion of the Tribunal that the fines in respect of municipal petty traffic offences cannot be held to be penalty within the term of infringement of law, cannot be sustained. Accordingly, question No. 2 is answered in the negative in favour of the Revenue and against the assessee. No costs.
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