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1995 (5) TMI 78 - AT - Income TaxExtract: .......case also, there is no cost of acquiring the leasehold rights and, hence, the computation of capital gains fails. We, therefore, cancel the order of the learned CIT(A) on this aspect and hold that no capital gains accrued to the assessee on surrender of its leasehold rights over the land in question. 19. In the result, the appeal is partly allowed.
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