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    <title>2019 (12) TMI 697 - MADRAS HIGH COURT</title>
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    <description>The appeals were dismissed, and the substantial questions of law were answered against the assessees. The Tribunal and CIT(A) upheld the decision to tax the entire capital gains in the assessment year 2000-01, citing the appellants&#039; inconsistent positions and lack of effective adjudication on the merits in earlier assessments. The AO was directed to modify the assessment orders for the years 1999-2000 to 2003-04 in accordance with the CIT(A)&#039;s directions.</description>
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      <description>The appeals were dismissed, and the substantial questions of law were answered against the assessees. The Tribunal and CIT(A) upheld the decision to tax the entire capital gains in the assessment year 2000-01, citing the appellants&#039; inconsistent positions and lack of effective adjudication on the merits in earlier assessments. The AO was directed to modify the assessment orders for the years 1999-2000 to 2003-04 in accordance with the CIT(A)&#039;s directions.</description>
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