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1997 (5) TMI 31 - PUNJAB AND HARYANA HIGH COURTExtract: .......ollusive and obtained with a view to avoid payment of tax. The family settlement was not a bona fide and genuine arrangement and the same was a made-up affair with a view to avoid payment of tax. For the reasons stated above, we answer the question referred to us in the affirmative, i.e., in favour of the Revenue and against the assessee. No costs.
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