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1986 (9) TMI 58 - HC - Income TaxExtract: .......essments in respect of the business admittedly carried on by Durgamma as a receiver appointed by the court. The incomes assessed are fairly large and the Revenue lost substantial revenue. In the result, the question as reframed is answered in the negative, i.e., in favour of the assessee and against the Revenue. There shall be no order as to costs.
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