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1974 (9) TMI 8 - CALCUTTA HIGH COURT
Extract:
....... even though that method gives the result of having a value less than the price paid prior to the date of valuation, but that was because the original purpose was frustrated. In the aforesaid view of the matter the question referred is answered in the negative and in favour of the assessee. Each party will pay and bear its costs. PYNE J.---I agree.