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2008 (4) TMI 221 - PUNJAB AND HARYANA HIGH COURTCapital gains - assessability - incidence of the transfer of assets - date of award i.e. 29.9.1970 was the actual date of taking possession of the land - award having been made on 29.9.1970 and the same date being the date of transfer of actual physical possession, the capital gains were rightly assessable for the year under consideration - Tribunal was not right in holding that the capital gains are not assessable in the year under consideration – revenue’s appeal allowed
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