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1990 (11) TMI 97 - KARNATAKA HIGH COURTExtract: .......rties to the agreement, then any income which is an end product of that agreement would be a trade receipt and as such would constitute trading income and, therefore, the need for applying any other test would vanish. For the above reasons, we answer the question reformulated by us in the affirmative and in favour of the Revenue. Order accordingly.
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