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2000 (4) TMI 190 - AT - Income TaxExtract: .......n the ambit of income. 10. In the light of above discussion, I hold that that the CIT (Appeals) is not justified in holding that the exchange gain of Rs. 2,29,042 is chargeable to tax as casual and non-recurring income under section 10(3) of the Act. The finding of the CIT (Appeals) is accordingly reversed. 11. In the result, the appeal is allowed.
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