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1999 (4) TMI 39 - HC - Income TaxExtract: .......amily settlement in this context is analogus to a partition. It, is the cost to the previous owner that is to be taken into account as the cost of acquisition of shares and not the amounts mentioned in the family settlement deed by the settlor. 7. The question referred to us is, therefore, answered in favour of the Revenue and against the assessee.
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