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1974 (7) TMI 4 - HC - Income TaxExtract: .......ied upon by Mr. Joshi. Having regard to this discussion, we are of the view that the Tribunal was right in coming to the conclusion that the amount of Rs. 3 lakhs was a capital receipt not chargeable to tax and, therefore, we answer the question referred to us in the negative and against the revenue. The revenue will pay the costs of the reference.
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