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1980 (9) TMI 10 - HC - Income TaxExtract: .......as amply justified in holding that the transaction in question was not an adventure in the nature of trade. We accordingly, answer question No. 1 in the affirmative and in favour of the assessee, As we answer question No. 1 in the affirmative, question No. 2 does not arise. Each party will pay and bear its own costs. SABYASACHI MUKHARJI J.-I agree.
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