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2018 (10) TMI 590 - SCH - Income TaxCapital gain - Asset transferred as "Gift" - Period of Holding - Held that:- In these appeals the tax effect is less than ₹ 1 crore and it also appears that they do not come under any exception provided in Para 10 of the Circular dated 11.07.2018 as amended by Circular dated 20.08.2018. These appeals are, accordingly, dismissed. However, it will be open to the Income-Tax Department to seek revival if the Department finds that these cases are covered under any exception of the said Circular.
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