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1985 (10) TMI 79 - BOMBAY HIGH COURT
Extract:
.......of the market value of the said portion of the land having to be ascertained as on the date of the conveyance. It is clear that the cost of acquisition was at the rate mentioned in the conveyance. In the result, the question referred to us must be answered in the negative and in favour of the Revenue. The assessee to pay the costs of the reference.