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1961 (8) TMI 51 - MADRAS HIGH COURTExtract: .......should, therefore, be regarded as the capital asset of the assessee and the profits derived during the year of account by the sale thereof cannot be brought to tax. We answer the question referred to us in the negative and in favour of the assessee who will be entitled to his costs. Advocate's fee ₹ 250. Question answered in the negative.
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