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1980 (9) TMI 2 - SC - Wealth-taxWhether the interest of the assessee in the trust fund amounted to an annuity exempt under section 2(e)(iv) - judgment of the High Court is set aside and the question referred to the High Court under s. 27(1) of the Act is answered in the negative and against the assessee because power in trustees to reinvest upon redemption Right is not " annuity " and is taxable
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