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1991 (12) TMI 123 - AT - Income TaxExtract: .......28-2-1970 cannot be brought to tax in the assessment year 1972-73. In this view, it is unnecessary to consider whether the property was a capital asset with or without reference to the amended definition of capital asset . Since the re-assessments were made only to bring to tax capital gains, the reassessments are annulled. The appeals are allowed.
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