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1979 (8) TMI 8 - HC - Income TaxExtract: .......that it is not income within the meaning of the I.T. Act. Similarly, when the reserve was to be treated as capital, in the circumstances of the case, it could not be treated as income. Since the question stands concluded and no other question arises we reject these applications. In the circumstances of the case, there shall be no order as to costs.
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