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2000 (1) TMI 1001 - AT - Income TaxExtract: .......en to the assessee and it should be left open to him as to which provisions of the law he wants to invoke. The assessee has invoked and claimed deduction under section 54E and that in our opinion is to be granted to it because the gain is arising on transfer of long-term capital asset. We direct accordingly. 20. In the result the appeal is allowed.
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