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1998 (4) TMI 113 - HC - Income TaxExtract: .......essee has already held the property for more than thirty-six (36) months. In our view, therefore, the view expressed by the Tribunal that the capital gains are short-term capital gains is not correct. In the light of the above, we answer the question in the negative and in favour of the assessee. The referred case is accordingly answered. No costs.
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