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1998 (9) TMI 129 - ITAT INDOREExtract: ....... the assessee is to be taken at nil by virtue of section 49 read with section 55 of the Act. In these circumstances, we find that the Assessing Officer has rightly worked out the capital gains. Accordingly, we set aside the order of the CIT (Appeals) and restore the order of the Assessing Officer. 11. In the result, the revenue s appeal is allowed.
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