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1996 (1) TMI 138 - AT - Income TaxExtract: .......of profit shall be exempt under s. 10(14)(i) for the asst. yr. 1989-90 and subsequent years. We are dealing with the assessee s appeal for asst. yr. 1989-90. We, therefore, direct the AO to accept the assessee s claim for grant of exemption under s. 10(14) in respect of the said sum of Rs. 24,000. 6. In the result, the assessee s appeal is allowed.
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