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1982 (4) TMI 154 - ITAT INDOREExtract: ....... decisions referred to above, we are of the opinion that the silver utensils in the present case have rightly been claimed by the assessee to be personal effects and were not capital, the sale proceeds of which are not capital gains. In this view of the matter, we cancel the order of the AAC. 7. In the result, the appeal by the assessee is allowed.
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