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1993 (1) TMI 55 - ORISSA HIGH COURTExtract: .......in items (a) and (b) of sub-clause (iii) of clause (14) of section 2 continued to be not capital asset for the purpose of the Act. The Tribunal was justified in concluding that capital gains tax was not leviable. Our answer to the question is in the affirmative, in favour of the assessee and against the Revenue. No costs. D. M. PATNAIK J. -I agree.
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