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1985 (2) TMI 75 - AT - Income TaxExtract: .......g all the facts into consideration, we are of the opinion that the income of the assessee by way of capital gains had been applied in a manner entitling it to claim the exemption under section 11(1). We hold the point in favour of the assessee and reverse the orders of the authorities below. 10. In the result, the appeal of the assessee is allowed.
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