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1989 (1) TMI 31 - MADRAS HIGH COURTExtract: ........ 2,78,254 whereas it should be 50 of Rs. 4,59,925 only so that the assessable capital gains would work out to Rs. 2,29,963 and not Rs. 1,81,671 as found by the Tribunal. We, therefore, answer the question referred to us in the negative and in favour of the Revenue. The Revenue will be entitled to the costs of this reference. Counsel s fee Rs. 500.
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