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2005 (9) TMI 517 - AT - Income TaxExtract: .......A) was justified in coming to the conclusion that the market value of the assets transferred on the incorporation of the company was Rs. 116.25 lakhs and not Rs. 4,65,00,000 as determined by the Assessing Officer. We, therefore, uphold the order of the CIT(A) and dismiss the revenue rsquo s appeal. 10. In the result, both the appeals are dismissed.
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