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1992 (10) TMI 70 - HC - Income TaxExtract: ....... in the nature of a capital receipt however, it is not chargeable to tax under section 45 of the Act. We answer the questions referred to us in the affirmative and against the Revenue by holding that the Tribunal was right in treating the receipt as a capital receipt but not liable to be taxed as a capital gain. References are answered accordingly.
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