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1977 (6) TMI 15 - HC - Income TaxExtract: .......capital and not revenue nature. In the result, for the reasons stated hereinabove, we answer the first question in the negative and in favour of the assessee and against the revenue. We answer the second question in the affirmative and against the assessee and in favour of the revenue. In the circumstances of the case, we make no order as to costs.
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