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2002 (5) TMI 31 - HC - Income TaxBusiness Income, Sale Of Shares, Income From House Property, Annual Charge - "1. Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that for ascertaining the trading result on the sale of shares, the value of the opening stock would continue to be taken at cost as followed by the assessee from year to year? - 2. Whether, on the facts and in the circumstances of the case, the Tribunal was correct in allowing the amount of Rs.3,000 as a charge on the income from property received by the assessee on partition and hence 'deductible under section 24(1)(iv) of the Income-tax Act, 1961'?" - we answer the questions referred to for our opinion in the negative, i.e., in favour of the Revenue and against the assessee.
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