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1986 (3) TMI 39 - HC - Income TaxExtract: .......ect in law in holding that the receipts of pranamis were casual and non-recurring and exempt under section 10(3) of the Act. The question is, accordingly, answered in the affirmative and in favour of the assessee and against the Revenue. However, in the peculiar circumstances of the case, the parties will bear their own costs. S. K. JHA J.-I agree.
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