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1995 (2) TMI 42 - RAJASTHAN HIGH COURTExtract: .......es, we are of the view that the decision of the Bombay High Court referred to above does not provide any assistance to the assessee. The sale of agricultural land was liable to capital gains tax irrespective of the use it has been put to. Accordingly, the reference is answered in favour of the Revenue and against the assessee. No order as to costs.
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