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2008 (1) TMI 61 - HC - Income TaxAssessee is running a dairy & sells cow milk - no material on record to show that selling of calves is a part of the business activity - sale of calves is not on account of realisation of stock-in-trade or as a business activity – gains from sale of calves couldn’t be regarded as capital gains since the cost of acquisition was not ascertainable - quantum of addition involves Rs. 68,000 & tax effect is Rs. 15,984 which is much below the quantum fixed by the CBDT – Revenue’s appeal dismissed
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