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1963 (12) TMI 29 - ANDHRA PRADESH HIGH COURT
Extract:
.......ery transaction and are consequently trading receipts. We are clear in our mind that the income- tax authorities were right in their conclusions in dealing with these as trading receipts. Our answer to the reference, therefore, is in the affirmative with costs to the department. Advocate's fee, ₹ 200. Question answered in the affirmative.