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1993 (3) TMI 29 - HC - Income TaxExtract: .......e was able to dispose of the tractors which were its stock-in-trade. In this view of the matter, we answer question No. 1 in the affirmative and against the assessee. As regards the issue raised in question No. 2 we answer that Rs. 93,450 would be assessable under the head Business under section 28 of the Income-tax Act, 1961. No order as to costs.
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