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1989 (10) TMI 35 - HC - Income TaxExtract: .......be deemed to have made the expenditure on the objects of the trust and the investments in Government securities on a pro rata basis from out of the income derived from property held on trust and the subscriptions. We uphold the view taken by the Tribunal and answer the question in the affirmative and in favour of the assessee. No order as to costs.
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