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1994 (11) TMI 93 - BOMBAY HIGH COURTExtract: .......nce claim which was indemnity or compensation for the loss because the payment by the insurance company was not in consideration of the property taken over by it. In view of the above, we answer the question referred to us in the negative and in favour of the assessee. In the facts and circumstances of the case, there shall be no order as to costs.
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