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1998 (7) TMI 49 - HC - Income TaxExtract: .......at exchange. Thus, for shares there can be as many market rates as there are stock exchanges on which these shares are traded. The Tribunal was in error in holding that there was any gift. The questions referred are, therefore, answered in favour of the assessee and against the Revenue. The assessee shall be entitled to costs of a sum of Rs. 1,500.
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