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ENGLISH ELECTRIC CO. LTD. versus COMTHISSIONER OF 4NCOME-TAX


The reference applies to the transfer of agricultural land to the capital 1 4 The effect of amending section 2 (1A) with the preceding effect from 1970 is the question whether capital gains can be imposed on the benefits arising from the transfer of agricultural land. Indian Income Tax Act, 1961, SSC 2 (1A), 45 and 256

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