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1975 (8) TMI 41 - HC - Income TaxExtract: .......n under section 11 of the Act. The Tribunal was, therefore, right in holding that the assessee was entitled to exemption under section 11 of the Act. Accordingly, we answer the question in the affirmative and in favour of the assessee. The assessee is entitled to costs of this reference. Advocate s fee Rs. 250. Question answered in the affirmative.
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