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1976 (2) TMI 1 - SC - Income TaxWhether silver bars, sovereigns and rupee coins used for purposes of puja, festivals and rituals can be treated as " personal effects " for the purposes of computing capital gains - Whether the assets sold were capital assets within the meaning of section 2(4A) chargeable to capital gains tax u/s 12B - Held that the aforesaid articles were capital assets and not personal effects as contended on behalf of the assessee-appellant and as such could not be excluded while computing the gains
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