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1971 (8) TMI 53 - HC - Income TaxProfit on sale of plots – ITO contend that this profit was business profit earned by "adventure in the nature of a trade" - assessee contended before the Income-tax Officer that this profit was a capital gain – since purchase and sale is not in the line of assessee's business, excess price realised by the assessee by the sale of the two plots could not be regarded as profit accruing from adventure in the nature of trade
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