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1961 (12) TMI 100 - HIGH COURT OF KARNATAKAExtract: .......In a bankIng operation. I would, therefore, answer the question referred to us In favor of the bank. My answer is that the exchange difference of ₹ 1,70,746 is not assessable under any of the provisions of the Indian Income-tax Act. ( 39. ) The bank is entitled to the costs of this reference. Advocate's fee ₹ 250. Order accordIngly.
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