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1985 (12) TMI 64 - AT - Income TaxExtract: .......rcumstances, I agree with the ld. Accountant Member that silver utensils intended for household use of the assessee are personal effects of the assessee within the meaning of s. 2(14) of the Act and the sale thereof is not liable to capital gains. 9. The matter will now go to regular Bench for passing order in accordance with s. 255 (4) of the Act.
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