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1998 (11) TMI 89 - HC - Income TaxExtract: .......the date of gift in terms of section 6 in the absence of any guideline under the rules under the Gift-tax Act, in the facts and circumstances of this case the Tribunal was justified in adopting the principle for making adjustment to arrive at the market value of the shares in question as on the date of the gift. There shall be no order as to costs.
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