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<h1>Income from trading company not includible in assessee's hands for 1969-70 assessment year</h1> <h3>Prahlad Maliram Versus Commissioner Of Income-Tax</h3> Prahlad Maliram Versus Commissioner Of Income-Tax - [1988] 174 ITR 56, 70 CTR 47 The High Court of Rajasthan ruled in favor of the assessee, Prahlad Maliram, stating that the income earned by Temani Trading Company in the assessment year 1969-70 should not be included in the hands of the assessee. The decision was based on a previous court order that found no justification for treating the business of Temani Trading Company as belonging to the assessee.