Taxable Income Exclusion Dispute: Bombay HC Admits Case, Appellant Drops Questions, Respondent Waives Service

The Bombay HC admitted the case concerning the exclusion of a sum paid to retired partners from taxable income. Questions 1 and 4 were not pursued by the appellant, and the respondent waived service.

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The Bombay High Court admitted the case based on substantial questions of law regarding the exclusion of a sum paid to retired partners from taxable income. Two questions were raised, but questions 1 and 4 were not pressed by the appellant. The respondent waived service.

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