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1982 (11) TMI 14 - HC - Income TaxExtract: ....... effect that such voluntary contributions directed to be held as part of the corpus of the donee, cannot be held to be income for purposes of applying s. 12(2) of the Act. For the aforesaid reasons, we answer the question referred to us in the negative and against the Revenue. The assessee will have its costs of this reference. Counsel fee Re. 500.
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