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1986 (7) TMI 3 - SC - Income TaxWinding up of company - attachment and auction - Whether the assessee is to be assessed on the balancing charge arising u/s 10(2)(vii) of the Indian Income-tax Act 1922 on account of the sale - whether assessee was not liable to capital gains - It cannot be said that there was no element of consent for the sale of the mill -sale of the mill attracted balancing charge under s. 10(2)(vii)
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