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1990 (2) TMI 43 - HC - Income Tax
Extract:
.......ability of the amounts to, tax. We are also unable to accept the contention of learned counsel for the Revenue that the amounts in question are assessable, based on the reasoning of the Tribunal. We, therefore, answer the common question referred to us in the negative and in favour of the assessee, with costs to the assessee. Counsel s fee Rs. 500.