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1941 (7) TMI 22 - DSC - Income TaxExtract: .......ess a capital payment because it is to be paid in equal installments over a period of years. We think in fact that the object of the agreement was not the production of an income to the assessee, and that under the principles laid down in the Shaw Wallace and Gopal Saran's Gases the sum is not income within the meaning of Section 12 of the Act.
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