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1997 (10) TMI 89 - AT - Income TaxExtract: .......section 10(2)(xv) of the IT Act, 1922 and that the fact that the income from a part of the business was not exigible to tax under the Act was not a relevant circumstance. 8. Following, with respect, the above two judgments of the Hon ble Supreme Court, we also hold, in favour of the assessee, on merits also. 9. In the result, the appeal is allowed.
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