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1976 (9) TMI 2 - SC - Income TaxWhether higher price received after revaluation by arbitrator is income from adventure in the nature of trade - inspite of the fact that the appellant with held some of the correspondence bearing on the controversy, the department has succeeded in proving that the transaction of sale in question was an adventure in the nature of trade and fell within the definition of "business" in clause (4) of section 2 of the Act. The High Court has rightly answered the question in the affirmative
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