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1988 (3) TMI 17 - HC - Income TaxExtract: .......on of the rupee is not a capital gain within the meaning of section 45 of the Income-tax Act. The conclusion of the Tribunal on this aspect of the matter is wrong and unacceptable. The question referred to us is answered in the negative and in favour of the assessee. The Revenue will pay the costs to the assessee. One set. Costs fixed at Rs. 1,000.
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