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2008 (3) TMI 348 - AT - Income TaxExtract: .......undiluted figure of written down value is adopted, the sale consideration is less than the same, and there cannot be a short term capital gains. Therefore, we accept the contention of the assessee and delete the short term capital gains of Rs. 1,00,38,704 added by the Assessing Authority. 16. In result, this appeal filed by the assessee is allowed.
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