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2020 (2) TMI 130 - HC - Income TaxLong term capital gain - invocation of the provisions of Section 50C - levying tax on the transaction which already stood transferred in the AY 2008-09 - sale of property which is disputed and litigation of ownership is pending before the Civil Court - HELD THAT:- Appellant wishes to withdraw the present appeal with liberty to file an application under Section 254(2) of the Act before the Tribunal. Accordingly, the present appeal stands dismissed as withdrawn.
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