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1960 (2) TMI 49 - HC - Income TaxExtract: .......ing it up he was paid compensation. Therefore, it was not a trading receipt, and the compensation was really for loss of a capital asset. We answer the question in the negative and in favour of the assessee. As the assessee had succeeded he will be entitled to the costs of this reference. Counsel 39 s fee Rs. 250. Question answered in the negative.
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