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2001 (11) TMI 233 - ITAT HYDERABAD-AExtract: .......allegation of inadequate consideration, so as to attract the provisions of section 4(1)(a) of the Gift-tax Act. 18. For the forging reasons, we find merit in the present appeals of the assessees, and the impugned assessments have no legs to stand. They are accordingly cancelled. 19. In the result, all the three appeals of the assessees are allowed.
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