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1970 (5) TMI 15 - HC - Income TaxPartners made gift to their wives who in turn advanced to the firm - Tribunal was not justified in holding that the gifts were to the detriment of the interest of the respective minors and not within reasonable limits in view of the provisions of the Hindu Minority and Guardianship Act, 1956 - Tribunal was not justified in holding that the gifts were void at law
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