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1977 (8) TMI 43 - HC - Income TaxExtract: .......ibunal that the amount of Rs. 23,627 should be treated as capital gains and assessed as such and not as business profits is correct. Under these circumstances, the question referred to us is answered in the affirmative, that is, in favour of the assessee and against the revenue. The Commissioner will pay the costs of this reference to the assessee.
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