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1959 (7) TMI 60 - BOMBAY HIGH COURTExtract: .......w we have taken, it is not a revenue receipt, then it must be regarded as not liable to tax. On that view of the case, the answer to the question referred will be "The amount of ₹ 2,21,000 is not income of the assesses assessable under section 7 of the Income-tax Act." The Commissioner of Income-tax to pay the costs of the assessee.
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