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1978 (10) TMI 84 - ITAT MADRAS-CExtract: ....... Applying the principles laid down in that case it is clear that the amounts collected by the assessee were impressed with an obligation in the nature of trust for being applied for charities and therefore did not become part of the income of the assessee. We, therefore, uphold the order of the AAC. The appeal of the Revenue fails and is dismissed.
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