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1959 (11) TMI 64 - HIGH COURT OF ASSAMExtract: .......ssue. We accordingly decide the point under reference in favour of the Department and hold that the surplus of ₹ 16,995 received from the transactions amounted to profit under section 10 of the Income-tax Act. The point under reference is answered in the affirmative and the assessee is liable to pay ₹ 200 as costs. Mehrotra, J.-I agree.
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