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1979 (2) TMI 47 - HC - Income TaxExtract: .......para. 2 in Form No. 10 prescribed by rule 17 of the Income-tax Rules, 1962, has to be considered for the purpose of section 11(2) of the Income-tax Act and, therefore, the income was exempt from taxation? We answer the question of law in the affirmative, that is, in favour of the assessee and against the revenue. There will be no order as to costs.
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