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1982 (9) TMI 148 - ITAT MADRAS-CExtract: .......n then the extent of amount exempt will have to be determined. But as I am holding that Rs. 16,000 is not the income of the assessee, I am not going into the question of exemption under retrenchment compensation. 7. Appeal allowed Rs. 16,000 received by the assessee is not assessable as income of the assessee. It has to be excluded from assessment.
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