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1993 (8) TMI 37 - GUJARAT HIGH COURTExtract: .......nnot be said to have received consideration within the meaning of section 48 and, therefore, it cannot be said that any profit or gain accrued to him for the purpose of section 45 of the Act. Following that decision, both the questions are answered in the affirmative, that is, against the Revenue and in favour of the assessee. No order as to costs.
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