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2013 (8) TMI 934 - ITAT BANGALOREExtract: ....... For the reasons given above, we are of the view that the revenue authorities were not justified in bringing to tax the sum of ₹ 89,16,667 as capital gain in the hands of the Assessee. We hold that the sum in question is not chargeable to tax and allow the appeal of the Assessee. 19. In the result, the appeal filed by the Assessee is allowed.
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