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1937 (2) TMI 9 - Other - Income TaxExtract: .......aid in favour of the assessee. But in the present case no such considerations apply. The assessee is being paid a fixed sum for his life and cannot therefore escape assessment. We accordingly answer the question propounded by the Commissioner of Income Tax in his favour by holding that the allowance of ₹ 500 per month is liable to income tax.
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