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1964 (10) TMI 93 - HC - Income TaxExtract: .......the asset was not part of the business asset. It ceased to be a commercial asset. As such the income from the rents derived by the lease of the property is an income assessable under section 9 of the Act. Let the reference be answered accordingly with costs to be borne by the assessee; advocate's fee ₹ 200. Reference answered accordingly.
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