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1994 (1) TMI 19 - HC - Income TaxExtract: .......r, had agreed that the sum of Rs. 21,000 would be in the nature of compensation for the loss of profits of the assessee, arising out of the non-performance of the agreement of sale by the intend ing buyer. Viewing the matter thus, we answer the question referred to us in the negative and in favour of the Revenue. There will be no order as to costs.
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