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2012 (2) TMI 547 - AT - Income TaxExtract: .......able and not applicable to the facts of the present case. Accordingly the AO is directed to assess the capital gain as long term capital gain and not short term capital gain. The grounds taken by the assessee are, therefore, allowed. 13. In the result, the assessee’s appeal stands allowed. Order pronounced in the open court on 10th Feb.,2012.
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