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1962 (3) TMI 106 - HC - Income TaxExtract: .......ces and on a proper construction of the trust deed dated August 16, 1949, the whole income of the trust fell within the ambit of section 16(1)(c) of the Indian Income-tax Act?", must be answered in the affirmative and against the assessee. The assessee must pay the costs of this reference. RAY J.--I agree. Question answered in the affirmative.
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