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1976 (11) TMI 37 - HC - Income TaxExtract: .......amount of Rs. 54,000 that was received by the assessee from his tenants by way of premium for the grant of monthly tenancies to the tenants would be receipt in the nature of income or revenue. In the result, the question is answered in the affirmative and in favour of the assessee. The department will pay the costs of the reference to the assessee.
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