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1985 (7) TMI 121 - AT - Income TaxExtract: .......be treated as capital gains, the IAC in his directions under section 144B, had accepted the submissions made on behalf of the assessee that, in view of the decision of the Hon ble Supreme Court in the case of B.C. Srinivasa Setty, no capital gains tax be levied on the sale of self-generated goodwill. 19. In the result, the appeal is partly allowed.
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