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2003 (4) TMI 255 - ITAT LUCKNOW
Extract:
.......ice and the agreed price is not as such as to shock conscience of the Court. Thus, the approach of the Departmental authorities in treating the difference as deemed gift cannot be upheld. 79. In the light of the above, these grounds are also allowed in favour of the assessee. 80. In the result, the appeal is partly allowed for statistical purposes.