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1984 (7) TMI 72 - HC - Income TaxExtract: .......R 179. The Tribunal, in our opinion, was patently in error in coming to the conclusion that the assessee purchased the land with a view to make an investment and not as an adventure in the nature of trade. In the result, we answer the question in the negative and in favour of the Revenue. In the circumstances, however, we make no order as to costs.
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