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1986 (7) TMI 199 - ITAT MADRAS-CExtract: .......is not a capital asset within the terms of section 2(14) (iv), irrespective of the fact that whether it is held by the original subscriber or by a subsequent holder. The gold bond ceases to be an asset under section 2(14) (iv). The second question is answered by me accordingly. 12. The cases will now go back to the Bench for decision of the appeal.
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