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1982 (8) TMI 46 - HC - Income TaxExtract: .......was right in holding that the said sum of Rs. 40,000 was not a revenue receipt and is not includible as such in the taxable income of the assessee for the assessment year 1969-70. The question referred is accordingly answered in the affirmative and in favour of the assessee. The same answer shall also be recorded in R. C. No. 272 of 1978. No costs.
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