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2005 (10) TMI 214 - ITAT BOMBAY-GExtract: .......ains. Our answer to the third question is, therefore, in the affirmative and against the assessee. 8. The redemption of these bonds does give rise to capital gain/loss and, therefore, the assessee deserves to succeed. 9. In the result, the appeal of assessee is partly allowed. 10-12. These paras are not reproduced here as they involve minor issues.
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