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1984 (11) TMI 108 - AT - Income TaxExtract: .......MSRTC did not amount to acquiring another capital asset within the meaning of s. 11(1A) of the Act. The lower authorities were therefore, justified in not granting exemption under s. 11(1A) of the Act. As already stated, the AAC has granted the alternate relief claimed under s. 11(2) of the Act. 13. In the result, the appeal fails and is dismissed.
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