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1999 (11) TMI 125 - AT - Income TaxExtract: .......land cannot be considered as profits from the adventure in the nature of trade. The profits would be assessable under the head capital gains . Accordingly, we set aside the order of CIT(A) and direct the Assessing Officer to assess the profits under the head capital gains in accordance with law. 14. In the result, appeal of the assessee is allowed.
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