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2003 (2) TMI 149 - AT - Income TaxExtract: .......s deduction in computing capital gains on sale/renunciation of right offer. 35.6. The AO will compute the amount liable to tax as capital gains accordingly. 35.7. Before parting, we would like to record our feelings of appreciation for admirable order passed by the AO Shri Narendra Kumar. 36. In the result, the Revenue s appeals are partly allowed.
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