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1952 (1) TMI 23 - ALLAHABAD HIGH COURTExtract: .......for termination of those rights is not taxable income and income-tax cannot be charged on that sum. The amount of ₹ 37,248 cannot, therefore, be said to be a revenue receipt. This is our answer to the question formulated by the Tribunal. The assessee-firm is entitled to its costs which we assess at ₹ 400. Reference answered accordingly.
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