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1962 (11) TMI 41 - MADRAS HIGH COURTExtract: ....... Whether a particular sale resulted in a profit or a loss is not the matter for consideration. It is whether a course of business activity is or is not intended to be engaged in with the profit motive. The contentions advanced by the assessee accordingly fail. The revision petition is dismissed with costs. Counsel s fee Rs. 100. Petition dismissed.
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