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1983 (8) TMI 44 - HC - Income Tax
Extract:
....... ITR 485 at 495, the Madras High Court observed The income from the properties held under trust would have to be arrived it in the normal commercial manner without reference to the provisions which are attracted by s. 14. In the result, we answer the question in the affirmative and against the Revenue. The parties will pay and bear their own costs.