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1996 (10) TMI 32 - HC - Income TaxExtract: .......ements cited supra, we see that there is no infirmity in the order of the Tribunal holding that there is no transfer in this case and accordingly capital gains tax under section 45 of the Income-tax Act, 1961, is not possible. In that view of the matter, we answer the questions referred to us in the affirmative and against the Department. No costs.
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