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1987 (11) TMI 58 - KARNATAKA HIGH COURTExtract: ....... expressed in the preceding paragraphs. Having regard to the fact that we have taken the view that the sum of Rs. 6,12,677 only reduced the cost of investment and did not constitute income, no tax is leviable on the said receipt as revenue receipt. We answer the second question referred for our opinion in the negative and in favour of the assessee.
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