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1974 (7) TMI 48 - BOMBAY HIGH COURTExtract: ....... upon proper construction of annexure A to the statement of the case, the income of the trust is not assessable in the hands of H. H. Mahendrasinhji Maharaja of Morvi under section 16(3) of the Indian Income-tax Act, 1922, but it is assessable in the hands of the trustees under section 41 of the Act. The revenue shall pay the costs of the assessee.
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