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1990 (2) TMI 18 - HC - Income TaxExtract: .......any right to future profits so as to enable the Revenue to treat the so called right to future profits as a deemed gift. We are of the view that the Tribunal was quite right in the conclusion arrived at by it and we do not see any referable question of law arising out of the order of the Tribunal. We, therefore, dismiss the petition. Costs Rs. 250.
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