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2003 (5) TMI 514 - HC - Income TaxExtract: .......ng it out to secure better price cannot be taxed as profit from an adventure in the nature of trade. 4. In view of the above decision, we answer the question referred to above in negative, i.e., it cannot be taxed as profit from an adventure in the nature of trade. 5. The Reference is accordingly disposed of. The parties shall bear their own costs.
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