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2004 (11) TMI 91 - ALLAHABAD HIGH COURTRelief under section 80T – capital gains - "Whether Tribunal was correct in law in holding that the assessee is entitled to the relief under section 80T on the entire amount of long-term capital gains arising from the sale of building and not on the net amount of long-term capital gains, arrived at after setting off the long-term capital loss on the shares arising during the same previous year?" - we answer the aforesaid questions referred to us in the negative, i.e., in favour of the Revenue and against the assessee.
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