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1989 (4) TMI 156 - ITAT PUNEExtract: .......this is a specific trust, provisions of sec. 161(1) applies in view of the decision of the Supreme Court and Madras High Court cited. Consequently, we reverse the order of the CIT(A) and direct the ITO to assess the income substantively u/s 161(1) and not protectively u/s 161(4) of the Income-tax Act, 1961. 15. In the result, the appeal is allowed.
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