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1980 (2) TMI 20 - HC - Income TaxExtract: .......se has in fact charged the fictional capital gains on the sale of buses with route permits and not on the real or actual gain. In this view-of the matter, we are inclined to agree with the view taken by the Tribunal in this case. We, therefore, answer both the questions in the affirmative and against the revenue. There will be no order as to costs.
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