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Supreme Court grants exemption u/s 10(37), quashes reassessment u/ss 147/148, overturning High Court decision.

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....Claim for exemption u/s 10(37) denied - revenue contended that it was the voluntary sale and not the result of compulsory acquisition - SC overruled the judgement of HC - benefit of exemption allowed - reassessment u/s 147/148 quashed.....

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