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1996 (2) TMI 37 - HC - Income TaxExtract: .......ecisions cited supra, particularly the decision of the Supreme Court in CEPT v. Shri Lakshmi Silk Mills Ltd. 1951 20 ITR 451, we hold that the Tribunal was correct in assessing the lease income under the head Income from business . Therefore, we answer question No. 2 in the affirmative and against the Department. There will be no order as to costs.
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