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1988 (5) TMI 57 - AT - Income TaxExtract: .......show the use of the land, it was held that the land was agricultural upto the date of sale. Having regard to these factors, I agree with the learned Accountant Member that the land was agricultural land and capital gain was not chargeable on its sale. Now the matter will go before the Bench for passing an order in accordance with the majority view.
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