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1986 (11) TMI 27 - HC - Income TaxExtract: .......and we hold that the sum of Rs. 7,402 received by the assessee from the firm, M/s. K. S. Aiyar and Co., was of capital nature and exempt from the payment of income-tax. Since no one has appeared on behalf of the assessee, we make no order as to costs. Let a copy of this judgment be sent to the Assistant Registrar of the Tribunal of the Patna Bench.
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