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1977 (7) TMI 48 - HC - Income TaxExtract: .......asset and the income is proximate and cannot be said to be too remote. We, therefore, answer the first question in the affirmative, in favour of the revenue and against the assessee. In view of our answer to the first question, the second question does not call for any answer. We, however, make no order as to costs. BIMAL CHANDRA BASAK J.--I agree.
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