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2004 (12) TMI 29 - HC - Income TaxCapital gains - admittedly, the assets have been acquired by a mode of acquisition specified in section 49(1)(iii)(a) of the Act and thus the asset in question is a long-term capital asset but neither the cost nor the date of acquisition are ascertainable - it cannot be held that the order of the Tribunal suffers from any legal error or infirmity so as to call for any interference. The Tribunal was justified in law in holding that the income-tax authorities were not right in working out the capital gains at Rs. 41,11,414 so as to bring the same to tax under the head "Capital gains"
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