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1978 (11) TMI 10 - HC - Income TaxExtract: .......in question. From whatever angle it may be viewed, I am of the considered opinion that the amount in question is trading receipt of the assessee-firm in the relevant accounting year and, hence, is chargeable to tax. I, accordingly, answer the question in the negative, in favour of the revenue and against the assessee-firm. D. S. TEWATIA J.-I agree.
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