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1977 (8) TMI 44 - BOMBAY HIGH COURTExtract: .......In our view, the Tribunal was right in coming to the conclusion that the item of Rs. 10,662 was not liable to be treated as the income of the assessee under section 2(24)(iv) of the Act. In the result, the question referred to us is answered in the negative, in favour of the assessee. The revenue will pay the costs of the reference to the assessee.
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