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1977 (7) TMI 82 - ITAT HYDERABAD-BExtract: .......iii)(b). If however, he comes to the finding that the lands were non-agricultural, they would naturally come within the definition of capital asset in s. 2(14) without the help of the aforesaid provision and the capital gain arising from the sale will have to be subjected to tax. 8. For statistical purposes, the appeal is treated as partly allowed.
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