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1988 (12) TMI 161 - ITAT MADRAS-DExtract: .......rding to the assessee, was almost equal, only 50 per cent should be exempt as against the claim of the learned counsel for the assessee based on the square foot occupancy of 800 sq. ft. in upstairs with kitchen against 2,400 sq. ft. of the whole house, i.e., only 1/3rd of the capital gains could be taxed. 10. In the result, the appeal is dismissed.
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