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1985 (4) TMI 50 - KARNATAKA HIGH COURTExtract: .......ed in the affirmative and against the assessee. The question is answered accordingly, and we hold that for the purposes of capital gains tax under s. 45 of the I.T. Act, the transfer of the lands acquired took place on April 21, 1973, and November 8, 1973, and during the previous year ending March 31, 1974, relevant for the assessment year 1974-75.
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