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1989 (2) TMI 135 - ITAT BOMBAY-CExtract: .......the amount received by the assessee on account of surrender of tenancy rights is not exigible to tax as capital gains under s. 45 of the IT Act. We therefore, set aside the order of the CIT(A) on this ground and direct the ITO to exclude this amount from the taxable income of the assessee. 8. In the result, appeal of the assessee is hereby allowed.
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