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1962 (1) TMI 83 - CALCUTTA HIGH COURTExtract: .......ay to look at it was to treat a portion of the insurance moneys as profit only in case it reached the hands of the assessee and in my view this construction should be upheld. The question should therefore, be answered in the negative. The assessee will have the costs of the reference. Asim Kumar Ray, J. - I agree. Question answered in the negative.
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