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1987 (3) TMI 48 - HC - Income TaxExtract: .......embers held that the leasing out must be deemed to be one mode of doing business and that, therefore, the lease income should be treated as business income. We see no reason to disagree with the said finding. The questions referred herein are accordingly answered in the affirmative, i.e., in favour of the assessee and against the Revenue. No costs.
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