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1964 (2) TMI 85 - HC - Income TaxExtract: ....... of this finding, the only conclusion possible is that the price realised by the sale of those trees is a capital and not a revenue receipt. Our answer to the question of law referred is that on the facts and circumstances of the case, the sum of ₹ 5,782 is a capital receipt and not a revenue receipt. No costs. Reference answered accordingly.
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