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2000 (12) TMI 8 - SC ORDERWhether, the Appellate Tribunal was right in law in holding that in case capital gains arising from the sale of agricultural land are to be taxed, the assessee has the option to substitute its cost as on February 28, 1970, the date from which the agricultural lands, due to an amendment in law, became an asset - question of law arise - hence matter is directed to be referred to High Court.
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