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1978 (4) TMI 38 - CALCUTTA HIGH COURTExtract: .......assessee. There is great force in the arguments of Mr. Sengupta and in our opinion also the Tribunal has rightly applied s. 64(v) of the I.T. Act, 1961, in view of the aforesaid clause of the trust deed, and accordingly, we answer the question in the affirmative and in favour of the revenue. Each party to pay and bear its own costs. DEB J.-I agree.
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