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1999 (10) TMI 730 - HC - Income TaxExtract: .......onclusion that the liability for capital gains did not arise on the date of the notification. It is, therefore, clear that the property vests in the Government after the possession is taken. The answer to the question referred is in the affirmative, in favour of the assessee and against the Revenue. The income-tax reference is disposed of as above.
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