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1987 (4) TMI 39 - HC - Income TaxExtract: .......sion, which is binding on us under article 141 of the Constitution of India, it has to be held that because there was no cost of acquisition for the calves in this case, there cannot be a capital gain by their sale as capital asset. The question is, therefore, answered in the negative, in favour of the assessee and against the Department. No costs.
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