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1969 (12) TMI 29 - ANDHRA PRADESH HIGH COURTWhether the gratuity received by the assessee, on his retirement from the Life Insurance Corporation of India, in accordance with the Staff Regulations of 1960, is exempt from tax by virtue of the proviso to Explanation 2 of sub-section (1) of section 7 of the Indian Income-tax Act, 1922 - Held, yes
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