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2011 (10) TMI 711 - AT - Income TaxExtract: .......ccordingly, this issue of the assessee’s appeal is allowed as the provision of section 50C will not apply in the relevant assessment year 2006-07. Appeals of the assessee are partly allowed. 8. In the result, appeal in ITA No.1866 of 2010 is allowed and in ITA No.1867 of 2010 is partly allowed. 9. Order pronounced in open court on 31.10.2011.
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