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1990 (9) TMI 22 - BOMBAY HIGH COURTExtract: .......ibution rights, the question is answered in the affirmative and in favour of the assessee. The balance payment of Rs. 75,000 represents the consideration for Shri N. N. Sippy relinquishing his right, title and interest as partner in the firm. The question in that regard is answered in the negative and in favour of the Revenue. No order as to costs.
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