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1988 (7) TMI 9 - CALCUTTA HIGH COURTExtract: .......of section 17(3) of the Act and, as such, was not tax able as income. The facts being identical, the said decree governed this case also. In the premises, we answer the question referred to this court in this reference in the affirmative, in favour of the assessee and against the Revenue. There will be no order as to costs. K. M. YUSUF J. -I agree.
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