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1994 (8) TMI 61 - AT - Income TaxExtract: ........ 2(4) and on the order of the CIT(A). He contended that the Assessing Officer and the CIT(A) have rightly treated the value of the remainderman s reversionary life interest as casual receipt or revenue receipt. This argument was not acceptable in view of our aforesaid conclusion. 20. In the result, the appellant succeeds and the appeal in allowed.
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