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<h1>High Court rules in favor of assessee for 1950-51 assessment</h1> The High Court of Madras ruled in favor of the assessee for the assessment year 1950-51. The Court found that the turnover did not exceed the taxable ... - The High Court of Madras ruled in favor of the assessee for the assessment year 1950-51. The Court found that the turnover did not exceed the taxable limit, and therefore, the amount was not liable to tax. The Tribunal's decision was set aside, and the petitioner was awarded costs of Rs. 250.
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