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    <title>Sale of Furniture as Personal Effects Not a Capital Asset u/s 2(14)(ii) of Income Tax Act.</title>
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    <description>Capital gains or Income from other sources - transaction of sale of furniture - the personal effects would not be included in the capital asset u/s 2(14)(ii) of the I.T. Act. Therefore, it shall have to be considered under the residuary clause “Income from other sources”.</description>
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      <description>Capital gains or Income from other sources - transaction of sale of furniture - the personal effects would not be included in the capital asset u/s 2(14)(ii) of the I.T. Act. Therefore, it shall have to be considered under the residuary clause “Income from other sources”.</description>
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