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1944 (3) TMI 5 - HC - Income TaxExtract: .......hare of the liability should not be taxed as income in the hands of the assessee Lala Hira La) but must be excluded from his assessable income. Accordingly the question formulated by the Income-tax Tribunal must be answered in the affirmative. It will be for the department to consider whether the payment can be taxed in the hands of the recipients.
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