759/CBDT.

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....)(4) II of the I.T. Act, 1961, for determining liability to additional tax u/s 104. As such inclusion was not free from doubt, the issues involved have been examined in detail and the Board are advised that the character of an asset as fixed asset or a floating asset would depend upon the person who holds in, the nature of his business and the character in which it is held. If these were applied a....