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1957 (2) TMI 91 - HC - Income TaxExtract: ....... therefore, it must be held to have been received by the assessee as a revenue receipt. Accordingly, I would answer the question referred to us by the Appellate Tribunal under section 66(1) of the Income-tax Act for decision in the affirmative. The assessee will pay the costs of the respondent which are assessed at ₹ 250. Falshaw, J.-I agree.
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