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1991 (2) TMI 72 - CALCUTTA HIGH COURTExtract: .......R 97 and held that the notional capital gain would not come within the meaning of debt owed and cannot be deducted from the value of the shares which it would fetch in the open market. For the reasons aforesaid, we answer the question in the affirmative and in favour of the Revenue. There will be no order as to costs. SHYAMAL KUMAR SEN J. -I agree.
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