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1976 (9) TMI 34 - HC - Income TaxExtract: .......household expenses at Rs. 500 a month. Such a concealment of income is creating imbalance in our economy. If the income-tax is paid honestly, I do not think any other tax is required to be levied on the citizens. For the reasons recorded above, the reference is answered in the affirmative in favour of the revenue and against the assessee. No costs.
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