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1987 (1) TMI 75 - HC - Income TaxExtract: .......sition, as explained by the Supreme Court, e.g., permits, licences, import entitlements, etc.even contracts from Government or from others. Very often, they constitute capital assets and are transferred for huge sums. But there is no cost of acquisition in the sense explained by the Supreme Court. Probably this is a deficiency, calling for redress.
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