1976 (11) TMI 5

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..... referred to the High Court arise in connection with the capital gains which the assessee is said to have earned in the year of assessment. It is clear on the facts of the case as set out by the Tribunal that the assessee exchanged his immovable property for the shares floated by the transferee-company. In order to find out what the amount of capital gains was, the Tribunal had to ascertain the ba .....

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