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1961 (9) TMI 74 - BOMBAY HIGH COURTExtract: .......ansfer of the amount of ₹ 50,000 from the account of the assessee to the accounts of his two grandsons amounts to transfer of an actionable claim, and therefore mere book entries do not constitute a valid assignment in respect thereof. We answer accordingly. The assessee shall pay the costs of the department. No order on the notice of motion.
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