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1978 (7) TMI 22 - HC - Income TaxExtract: ....... If such shares be disposed of at a value other than the value at which it was transferred from the business stock, the question of capital loss or capital gain would arise. For the reasons as stated above, the revenue succeeds in this reference. The question is answered in the negative. There will be no order as to costs. C. K. BANERJI J.-I agree.
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