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1993 (4) TMI 28 - HC - Income TaxExtract: .......such bonds as gifts by the donee, the assessee herein. The quantity of gold received on redemption is a new asset unrelated to the mode of acquisition of the gold bond. Therefore, we answer all the three questions in the negative and in favour of the Revenue and against the assessee. There will be no order as to costs. SHYAMAL KUMAR SEN J.-I agree.
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