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2011 (12) TMI 688 - AT - Income TaxExtract: .......t Section 50C are not applicable in case the sales are made through agreement. We therefore, hold that the ld.CIT(A) was justified in directing the AO to treat the profit from sale of plots as capital gain and not as business income. 5 .0 In the result, the appeal of the Revenue is dismissed. The order is pronounced in the open Court on 16-12-2011.
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