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1976 (8) TMI 40 - JAMMU AND KASHMIR HIGH COURTExtract: .......x under the provisions of the Income-tax Act, 1961, as a revenue receipt and not as capital gains. The question is, therefore, answered in the affirmative. Let a copy of the judgment along with the opinion as also the relevant record be sent back to the Income-tax Appellate Tribunal for further necessary action. MUFTI BAHA-U-DIN FAROOQI J.-I agree.
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