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1983 (11) TMI 92 - ITAT BOMBAYExtract: .......cerned, resulted in business income. We have analysed the nature of transaction and we find that the transaction was that of transfer of capital asset and, as such, the income was taxable under the head capital gains . Considering all the circumstances, we confirm the order of the CIT (Appeals). 11. In the result, the appeal fails and is dismissed.
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