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1972 (7) TMI 1 - SUPREME COURT
Whether the price mentioned in the deed of conveyance can be rejected by the department while determining the actual cost - if circumstances exist for going behind the valuation as also the allocation given in the deed of conveyance, it was and is open to the income-tax authorities to determine the valuation as well as the allocation between depreciable and non-depreciable assets - assessee's appeal is dismissed