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1976 (3) TMI 34 - HC - Income TaxExtract: .......e liquidation of a company. We are, therefore, of the view that the amount received by the assessee, in this case, is includible in the chargeable income of the assessee under the head capital gains . We, accordingly, answer the reference in the negative and in favour of the revenue. The revenue will be entitled to its costs. Counsel s fee Rs. 250.
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