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2007 (12) TMI 549 - KARNATAKA HIGH COURTExtract: .......hip deed does not permit the assessee to venture into such transaction. Because, the main business of the Firm was to run a hotel and not to purchase the property and develop the same and thereafter sold the property for profit. In the circumstances, we are answering the questions of law against the revenue. 7. Accordingly, the appeal is dismissed.
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