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1997 (7) TMI 58 - RAJASTHAN HIGH COURTExtract: .......hat there could be no element of deemed gift in favour of the brothers of the assessee who owned 2/3rds of the house property in respect of the renovation expenses incurred on the house property. Accordingly, the amount of Rs. 40,520 would be assessed legally to gift-tax. A copy of the order may be sent to the Income-tax Appellate Tribunal, Jaipur.
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