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1986 (1) TMI 137 - ITAT BANGALOREExtract: .......ion although the transfer has taken place long back. We are, therefore, unable to interpret the Act, in the manner in which the ld. Departmental Representative has argued. We accordingly set aside the finding of the authorities below and hold that the assessee is entitled to exemption from capital gains tax. 5. In the result, the appeal is allowed.
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