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1978 (6) TMI 34 - HC - Income TaxExtract: .......that as he is a resident he is liable to pay tax on that amount. We cannot, with respect, adopt the above line of reasoning in the present case. Having regard to the provisions of ss. 198 and 5(1)(c) of the Act, we answer the question referred in the affirmative, i.e., in favour of the assessee and against the revenue. We make no order as to costs.
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