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1961 (10) TMI 77 - HC - Income TaxExtract: .......ylon in December, 1948, he did so by way of an adventure in the nature of a trade. The profit of the transaction has therefore been rightly brought to tax. We answer the question referred to us in the affirmative and against the assessee, who will pay the costs of the department. Advocate's fee ₹ 250. Question answered in the affirmative.
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