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2009 (8) TMI 849 - AT - Income TaxExtract: .......cease to apply and automatically the provisions of section 50 become applicable resulting in short-term capital gains/loss. 7. In view of the above detailed discussion, we are of the view that the CIT(A) has rightly deleted the addition of Rs. 6,84,000 on account of short-term capital gains. 8. In the result, the appeal of the revenue is dismissed.
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