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1995 (10) TMI 30 - KARNATAKA HIGH COURT
Extract:
.......e made on November 27, 1982, could only be giving rise to a short-term gain. The Tribunal was in these circumstances in error in holding otherwise. In the light of what has been stated above our answer to both the questions referred is in the negative and against the assessee. The reference is accordingly disposed of without any orders as to costs.