2003 (1) TMI 26

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.... the Tribunal has referred the following question for the opinion of this court: "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal is justified in holding that the gain of Rs. 11,650 resultinq from the sale of jewellery, precious stones, etc., was not assessable as the business profit?" The assessee-Hindu undivided family filed a return of income on Septembe....