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1981 (8) TMI 95 - ITAT BOMBAY-AExtract: .......stment would form part of the trust corpus and as a consequence the beneficiary would have no right over such realisation. The income from capital gains therefore, if at all, would be exigible to tax in the hands of the trustees and not in the hands of the assessee beneficiary. We accordingly confirm the order of the CIT(A) and dismiss this appeal.
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