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1982 (3) TMI 21 - BOMBAY HIGH COURTExtract: .......e. Having regard to the view which we have taken, it is clear to us that the excess amount of Rs. 1,14,710 constituted business profit and was assessable to tax as such. The question referred to us is, therefore, answered by holding that the sum of Rs. 1,14,710 is assessable to tax as business profit. The assessee to pay the costs of the reference.
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