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1978 (4) TMI 66 - HC - Income TaxExtract: .......o take a different view on facts. For the reasons as stated above, we answer the question in favour of the assessee by saying that the amount realised by the assessee on the sale of the said shares was assessable, if at all, as capital gains. In the facts and circumstances of this case, there will be no order as to costs. C. K. BANERJI J.--I agree.
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