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2008 (2) TMI 28 - PUNJAB AND HARYANA HIGH COURTCapital gains tax - assessee had acquired the ownership rights in the land by operation of law and not by purchase or inheritance - the cost of the acquisition of the land to the assessee was nil - no record of any payment made for the acquisition of the land - Thus, in view of the authoritative pronouncements of the hon’ble SC in another case, the Tribunal was right while dismissing appeal of the Revenue - not liable to pay any capital gains tax
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