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1974 (8) TMI 12 - HC - Income TaxExtract: .......e. That being the position, in our opinion, after the deed of gift the amounts receivable towards the 7 1/2 share in the managing agency commission cannot be included in the income of the assessee. Accordingly, our answer to the question referred is in the negative. The revenue shall pay the costs of the assessee. Question answered in the negative.
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