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2002 (12) TMI 42 - HC - Income Tax1. Whether, Tribunal was right in holding that the lands held by the assessee had not been converted into stock in trade? - 2. Whether Tribunal was right in rejecting the alternate claim of the assessee regarding the computation of capital gains on transfer of lands?" - When the final fact-finding authority has recorded a finding that there is no material to prove that the sale consideration has been paid for discharge of the mortgage amount, we have no material to go against that finding – Both questions are answered in the affirmative
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