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1982 (10) TMI 12 - MADHYA PRADESH HIGH COURTExtract: .......e view taken by the Tribunal that the assessee-trust is not a public, religious or charitable trust and, therefore, its income is not exempt is the correct view and it cannot be said that it is untenable in law. Our answer to the question is, therefore, in the negative. In the circumstances of the case, parties are directed to bear their own costs.
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