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1990 (7) TMI 106 - HC - Income TaxExtract: .......sting partner or proprietor of the firm was without consideration. For the foregoing reasons, the aforesaid question of law is answered in favour of the assessee and against the Department as follows The Appellate Tribunal was right in law in holding that the assessees were not liable to pay gift-tax. We make no order as to costs of this reference.
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