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1997 (8) TMI 44 - HC - Income Tax
Extract:
.......the sale proceeds of the old building must be used in the construction of the new building, was not before the Appellate Tribunal. We, therefore, answer questions Nos. 1 and 2 in the affirmative, that is, in favour of the assessee and against the Revenue, and so far as question No. 3 is concerned, the same being misconceived is returned unanswered.