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1988 (8) TMI 69 - HC - Income TaxExtract: .......Tribunal was also right in holding that the deed of endowment dated August 20, 1954, by Seth Gopaldas, was valid according to law. For the aforesaid reasons, our answers to both the questions referred to this court are in the affirmative and against the Revenue. In the circumstances of the case, parties shall bear their own costs of this reference.
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