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1996 (11) TMI 60 - GUJARAT HIGH COURTExtract: .......al or receipt of income chargeable to tax as capital gain in the hands of the recipient partner, and the Tribunal was justified in not treating the amount of Rs. 1,88,950 taxable as capital gain. Accordingly, we answer the question of law referred to us in the affirmative, that is to say, in favour of the assessee and against the Revenue. No costs.
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