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2009 (11) TMI 910 - AT - Income TaxExtract: .......n of Hon'ble Madras High Court. 7. In view of our above discussions, we do not interfere with the order of the CIT(A) in treating the receipt of ₹ 15,25,000 as long-term capital gain and allowing exemption under s. 54EC of the Act. The ground of the Revenue is, therefore, rejected. 8. In the result, the appeal of the Revenue is dismissed.
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