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2000 (8) TMI 33 - KERALA HIGH COURTExtract: .......on No. 2, is concerned, we answer in the negative and in favour of the Department. So far as question No. 1 is concerned, the Tribunal held that the reduction of profit will not amount to gift only on the reasoning that the consideration for transfer cannot be evaluated. Hence that question is also answered in the negative and against the assessee.
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