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1970 (2) TMI 33 - HC - Income TaxExtract: .......g a profit. What was unforeseen was only the exact quantum which he would earn in the transaction. For these reasons, we hold that the receipt of the sum of Rs. 85,000 by the assessee was not of a casual nature, although it was of a non-recurring nature. We, therefore, answer the question in the negative. The assessee to pay the respondent s costs.
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