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1976 (5) TMI 8 - HC - Income TaxExtract: ....... the requirements of section 52(1) are not satisfied in the present case. We, therefore, answer the question by saying that the provisions of section 52 were not attracted, and the assessee is not liable to pay tax on the capital gains. The assessee is entitled to his costs which is assessed at Rs. 200. Counsel s fee is assessed at the same figure.
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