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1985 (3) TMI 39 - HC - Income TaxExtract: ....... the assessee. It is equally clear that, in these circumstances, the amount realised by the assessee on the sale of these import entitlements must also be regarded as profits of the assessee in its business. In this view of the matter, we do not think we will be justified in directing a reference in this case. This petition is, therefore, rejected.
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