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1989 (9) TMI 61 - BOMBAY HIGH COURTExtract: .......ok place long before the previous year in question. Upon this basis alone, it must be held that the Tribunal was right in finding that the compensation amount of Rs. 4,23,044.67 was not liable to capital gains for the assessment year 1971-72. The question, as reframed, is answered in the negative and in favour of the assessee. No order as to costs.
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