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1958 (10) TMI 52 - HC - Income TaxExtract: ....... the same. 10. Our answer to the first question will be facts and circumstances of the case the profit which accrued to the assessee on the purchase of the land by the partnership is ₹ 48,500. 11. As we have already mentioned, it is not necessary to answer the second question. 12. Assessee to pay the costs. 13. Reference answered accordingly.
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