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1980 (7) TMI 91 - KARNATAKA HIGH COURTExtract: .......nsequence of the bets offered by the assessee and cannot be placed on any other footing as being receipts arising out of any business or occupation. The requirements of s. 10(3) of the Act were clearly satisfied by the assesses and the receipts were not taxable. Accordingly, the question is answered in the affirmative and in favour of the assessee.
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