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Bench: HON'BLE JUSTICE SURYA PRAKASH KESARWANI,HON'BLE JUSTICE RAJARSHI BHARADWAJ
capital gain. The word "property" has not been defined in the Act 1961, therefore, ordinary meaning to the word "property" has to be derived so as to come conclusion whether to the transfer of "right to operate Hotel" under the agreement dated 03.05.1986 is a property. Reliance is placed upon the judgement of the Hon'ble Supreme Court in Ahmed