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1996 (9) TMI 62 - HC - Income TaxExtract: .......that the taxable capital gains would be Rs. 6,82,250 (Rs. 7,07,250-Rs. 25,000), to be precise. Question No. 2 is answered in favour of the Revenue and against the assessee. A copy of this judgment under the seal of the court and the signature of the Registrar shall be forwarded to the Income-tax Appellate Tribunal, Cochin Bench, as required by law.
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