Loud Knocking Noise 1981 240D

I have been driving cross country in my 1981 240D (automatic transmission) and I find that when I am going up steep hills that I hear this loud knocking noise begin when I press the gas pedal. This noise disappears when I am on flat ground or going downhill. Is this normal? Or is this a sign of a tranny thats going out? Things seem to be operating normally apart from that. Thanks

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