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1998 (10) TMI 39 - MADRAS HIGH COURT
Extract:
....... is untenable. The only point of relevance is whether the mortgage was created by the vendor or whether it subsisted at the time of acquisition of title thereto by the vendor and was burdened with the same at the time of such acquisition of title. The question referred to us is, therefore, answered in favour of the Revenue and against the assessee.