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1996 (9) TMI 98 - ANDHRA PRADESH HIGH COURTExtract: .......onsideration. If there is a finding that the price paid by the transferee is inadequate, then the difference between the market value and the sale price can be brought to tax as a deemed gift. By straightaway estimating the market value, no inference can be drawn that the price paid was inadequate. For these reasons, the gift-tax case is dismissed.
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