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1989 (7) TMI 171 - AT - Income TaxExtract: ....... Act of converting that share into cash does not involve any business activity. 10. Under these circumstances, we are satisfied that there is no business activity undertaken by these two Mutts. Therefore, provisions of section 11(4A) are not attracted. The assessees continue to have the right for exemption under s.11. 11. The appeals stand allowed.
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