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1981 (4) TMI 19 - HC - Income TaxExtract: .......e circumstances of the case, the sum of Rs. 50,044 was a notional receipt and hence was not liable to be assessed in the hands of the assessee during the assessment year 1970-71. Therefore, the answer to this question is also in the affirmative, i.e., against the Revenue. The reference stands answered accordingly with costs. S. P. GOYAL J.-I agree.
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