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2006 (4) TMI 354 - AT - Income TaxExtract: ....... Chandanlal, 26 ITD 1. Keeping in view the definition of net consideration given in explanation to section 54EA and holding that purposive interpretation is to be applied, we hold that the learned Commissioner of Income-tax (Appeals) was justified in allowing exemption under section 54EA. In the result, the appeal filed by the revenue is dismissed.
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