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1973 (5) TMI 32 - HC - Income TaxExtract: ....... to an adventure in the nature of trade, the income therefrom has to be assessed as business income. We have to, therefore, uphold the assessment of the surplus profits as income from business. The question is, therefore, answered in the affirmative and in favour of the revenue. The assessee will pay the costs of the revenue. Counsel s fee Rs. 250.
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