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1934 (12) TMI 13 - HC - Income TaxExtract: ....... being so, we are unable to hold that it was an adventure in the nature of trade and if that is so, then the sum in question was not clearly assessable to income tax. The question referred to us must therefore be answered in the negative. Costs ₹ 250 to the assessee. RAMESAM, J.--I agree. KING, J.--I agree. Reference answered in the negative.
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