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1991 (9) TMI 5 - HC - Income TaxExtract: .......ion of sale of any capital asset results in the conversion of the consideration into an asset when deposited in a bank and a new asset at that, within the meaning of section 11(1A). We, therefore, answer the questions in this reference in the affirmative and in favour of the Revenue. There will be no order as to costs. SHYAMAL KUMAR SEN J.-I agree.
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