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1984 (12) TMI 325 - AT - Income TaxExtract: .......4. There has thus, been no transfer by the assessee of the immovable property and the so-called firm or joint venture was not concerned with the notional valuation of the property as far as the venture's accounts were concerned. The addition in respect of the capital gains has, therefore, to be deleted. 25. In the result, the appeal is allowed.
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