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1986 (12) TMI 4 - HC - Income TaxExtract: .......are emphasised. The decision of the Calcutta High Court in CIT v. Ajmera Industries (P.) Ltd. 1976 103 ITR 245 bears close affinity to the facts in the instant case. In the result, the income from lease of machinery should be assessed as income from other sources. The question is answered in favour of the Revenue and against the assessee. No costs.
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