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1978 (2) TMI 15 - HC - Income TaxExtract: .......t hold that under sub-s. (14) of s. 11 of the Finance Act, 1946, the amount in question was assessable and was liable to be included in the income of the assessee for the relevant assessment year. The question is, therefore, answered in the negative and in favour of the revenue. Parties, however, will bear and pay their own costs. GUHA J.--I agree.
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