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1988 (6) TMI 28 - ANDHRA PRADESH HIGH COURTExtract: ....... those on hand and, therefore, that decision is of no assistance to the assessees. We, therefore, hold that apart from Rs. 18,000 per year, the amount received by the beneficiary in each of the assessment years is also liable to be assessed to tax under section 160(1)(iv) of the Income-tax Act, 1961. The reference is accordingly answered. No costs.
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