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1978 (6) TMI 19 - HC - Income TaxExtract: ....... correct. Thus, in our opinion, the Tribunal was right in affirming the view taken by the ITO that the capital gains realised by the assessee on sale of shares of the company, viz., the New City of Bombay Manufacturing Company Ltd., was Rs. 7,50,958. We answer the question referred to us accordingly. The assessee shall pay the costs of the revenue.
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