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2005 (6) TMI 236 - AT - Income TaxExtract: ....... and then taking steps for making out a new commercial complex was nothing but a business activity and hence it is clear application of s. 45(2) and at the time of sale, as business profit, as held by the assessing authority whose decision is upheld and decision of learned CIT(A) is reversed. 20. In the result, the appeal of the Revenue is allowed.
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