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1998 (2) TMI 159 - AT - Income TaxExtract: ....... are of the considered opinion that the income declared by the assessee is assessable as long-term capital gain and not as business income, as erroneously held by the AO and the CIT(A). The AO is, therefore, directed to accept the income declared by the assessee as a capital gain, as shown by the appellant. 10. In the result, the appeal is allowed.
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