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1962 (7) TMI 47 - HC - Income TaxExtract: ....... capital receipt. At any rate, it is a casual receipt as contemplated in section 4(3)(vii). Hence, our answer to the points submitted to us is that the sum of ₹ 10,000 referred to above is not income assessable under any of the provisions of the Income-tax Act. The revenue shall pay the costs of this reference. Advocate's fee ₹ 200.
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