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2012 (8) TMI 958 - AT - Income TaxExtract: .......ous owner is added, period of holding becomes more than three year thus this asset has to be treated as long-term capital asset Therefore, we set aside the order of learned CIT(A) and direct the AO to treat the capital gain as long term capital gains and assess the same accordingly. 12. In the result, appeal filed by the assessee is partly allowed.
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