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2004 (3) TMI 322 - ITAT BOMBAY-FExtract: .......this fact cannot be held against the assessee. This issue has been considered by the Tribunal in Gulshanbanoo R. Mukhi s case. Following the same, we hold that the assessee is entitled to deduction of Rs. 40 lakhs towards purchase of the flat while working out the chargeable capital gains under section 54. 11. Assessee s cross objection is allowed.
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