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1994 (12) TMI 39 - HC - Income TaxExtract: .......ence, the share of Smt. L. V. Sanghavi in the profits of the firm could not have been added to the total income of the assessee under section 64(1)(i) of the Act. In view of what is stated above, we answer both the questions referred in the affirmative, that is, in favour of the assessee and against the Revenue. There shall be no order as to costs.
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