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1967 (5) TMI 5 - SC - Income TaxWhether the assessee-firm is entitled to the benefit contained under s. 25(3) in respect of capital gains assessed to tax under s. 12B - held that it is only income which is earned by carrying on business which is entitled to exemption under section 25(3) and capital gains not being income which arise from trading activity, they are not entitled to exemption
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