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1979 (11) TMI 132 - ITAT JAIPURExtract: .......resent case are excluded from the definition of the capital asset, as mentioned in s. 2(14) of the Act. When the utensils in question are not capital assets, the question of any capital gain, on their sale, will not arise. So, the ld. AAC was perfectly justified in deleting the addition. 8. In the result, the appeal fails and the same is dismissed.
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