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Smile Ltd . shifts its industry from urban area in Jaipur to a remote village in Rajasthan state. In the process of shifting the company

Smile Ltd $.$ shifts its industry from urban area in Jaipur to a remote village in Rajasthan state.

In the process of shifting the company sells the following assets and purchases new assets at

its new place:Land is acquired during $2012 - 13$ for $` 1, 00, 000 ($ CII: $200) .$ Compute capital gain and suggest

a scheme of tax planning.

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