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2002 (8) TMI 57 - HC - Income TaxWhether, on the facts and in the circumstances of the case, the assessment of the sum of Rs. 4,45,305 as capital gains liable to tax arising out of the compensation amount received under the insurance policy on account of damage to the assessee's Sutton Tea Factory building by fire, is valid in law. - Our answer to the question referred is, therefore, in the negative, in favour of the assessee, and against the Revenue.
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