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2010 (7) TMI 1019 - AT - Income TaxExtract: .......of capital assets, in my opinion, the receipt cannot be charged to capital gain tax. In view of the above, the order of the CIT(A) is partly modified and it is held that the compensation received by the assessee is capital receipt not chargeable tax. 6. In the result, assessee’s appeal is allowed. Order pronounced in Open Court on 30/07/2010.
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