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1959 (8) TMI 2 - SC - Income Tax
Whether on the facts and in the circumstances of the case the sum of ₹ 7,50,000 is a revenue receipt liable to tax?
Held that:- The answer to the referred question should be in the negative. The result, therefore, is that this appeal is allowed, the answer given by the High Court to the question is set aside and the question is answered in the negative. Appeal allowed.