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2006 (2) TMI 652 - AT - Income TaxExtract: .......essment year under appeal. Hence we set aside the orders of both the lower authorities on this issue and direct the Assessing Officer to treat the above flats as long-term capital assets and accordingly, compute the capital gains as per law. The grounds of appeal of the assessee are allowed. 11. In the result, the appeal of the assessee is allowed.
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