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1957 (3) TMI 54 - HC - Income Tax
Extract:
.......us none of the facts found by the Income-tax Appellate Tribunal, which are supported by evidence, justified the inference that the purchase of those shares was a venture in the nature of trade. Consequently, we answer the question referred to us in the negative. The assessee will be entitled to his costs from the Department which we fix at Rs. 300.