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1975 (8) TMI 16 - HC - Income TaxExtract: .......ot entered into as an adventure in the nature of trade and that, therefore, the surplus realised as a result of the sale of the dry dock was only a capital accretion. In this view of the matter, the question that is referred to us is answered in the negative and in favour of the assessee. Revenue will pay the costs of the reference to the assessee.
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