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2003 (1) TMI 236 - AT - Income TaxExtract: .......sessee as stock-in-trade of the business, therefore, the sale proceeds of detachable Warrants are revenue receipts. The case of the assessee is, therefore, squarely covered with the aforesaid decision of the Hon ble Supreme Court. In view of the discussion above, we uphold the order of the learned CIT(A). 14. In the result, the appeal is dismissed.
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