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2007 (10) TMI 235 - AAR - Income TaxApplicant sold its entire shareholding consisting of original and bonus shares to the Indian promoters of NRB - computation of capital gains and the rate of tax to be applied - held that in respect of the long-term capital gain arising from the sale of original and bonus shares of NRB Ltd. the applicant is entitled to the benefit of the first proviso to section 112(1) and, therefore, the quantum of tax payable shall not exceed 10 per cent. of the amount of capital gains.
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