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1987 (6) TMI 88 - AT - Income TaxExtract: .......st date of that assessment year. This will have the effect of defeating whole purpose of that provision and such interpretation is not permissible. As there is no dispute about the cost of acquisition in 1966, we would set aside the order of the AAC and hold that the ITO had rightly determined the capital gains at Rs. 75,500. The appeal is allowed.
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