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2003 (1) TMI 698 - AT - Income TaxExtract: .......d. As such, there is no transfer. Resultantly, there is no capital gain. Ex Consequenti, it is not open to the assessee to avail the benefit of indexed cost of acquisition as contemplated under Explanation (iii) to section 48. Accordingly, we uphold the impugned order. 18. In the result, appeal of the assessee stands dismissed. In favour of revenue
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