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1973 (11) TMI 35 - HC - Income TaxExtract: .......a) of the Act. We, therefore, answer the question referred to us as follows On the facts and in the circumstances of the case, the trusts are entitled to exemption under section 11(1)(a) of the Income-tax Act, 1961. We, accordingly, answer the question in favour of the assessee. The Commissioner will pay the costs of this reference to the assessee.
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