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1986 (7) TMI 71 - MADHYA PRADESH HIGH COURTExtract: .......ange . Consequently, the reference is answered in favour of the Revenue and against the assessee as under On the facts and circumstances of the case, the Tribunal was not right in law in holding that the transaction in question is in the nature of an exchange only. The assessee shall pay the costs of the Revenue. Counsel s fee Rs. 500 if certified.
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