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1996 (2) TMI 171 - AT - Income TaxExtract: .......ur opinion, he did not consider the issue in the right perspective. On the facts and in the circumstances of the case, the amount of Rs. 12 lakhs cannot be deducted while computing the capital gains. Accordingly, we reverse the order of the CIT(A) and restore that of the Assessing Officer. 11. In the result, the appeal of the revenue stands allowed
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