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1976 (2) TMI 18 - HC - Income TaxExtract: .......he matter is otherwise concluded. The indenture recording the transfer is principally. by Sur Estates, the vendor, and the assessee is only a confirming party. In any event it cannot be said that if any capital gain has resulted from this transaction the same can be taxed entirely in the hands of the confirming party ignoring the vendor altogether.
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