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1955 (8) TMI 45 - HC - Income TaxExtract: .......to us by the Division Bench is that a son or a grandson can be said to be a lineal descendant of his mother or grandmother respectively within the meaning of condition (b) of clause (i) of Part I (A) of Schedule I of the Indian Finance Act (No. 23 of 1951) which prescribes ₹ 7,200 as an exemption limit in the case of a Hindu undivided family.
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