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1995 (3) TMI 19 - HC - Income TaxExtract: .......ncome under section 56 of the Act. We, therefore, agree with the view of the Appellate Tribunal that the income derived on the margin money for obtaining the bank guarantee cannot be separately assessed under section 56 of the Act. The question referred is, therefore, answered accordingly in favour of the Revenue and against the assessee. No costs.
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