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2005 (7) TMI 583 - ITAT MUMBAIExtract: .......has rightly directed the Assessing Officer to allow such indexation of the cost of the original asset sold and to allow deduction under section 54(1) of the Income-tax Act, 1961, with regard to the Long Term Capital Gain reinvested in purchase of the new asset being residential house property. 4. As a result, the appeal of the Revenue is dismissed.
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