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1980 (1) TMI 20 - MADRAS HIGH COURT
Extract:
.......s no profit motive and whatever profit has been derived is only incidental. In the light of these findings of the Tribunal, which are not in dispute, the claim for exemption by the assessee has to succeed. The questions referred in both the references are answered in the affirmative and in favour of the assessee. There will be no order as to costs.