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1984 (12) TMI 9 - HC - Income Tax
Extract:
.......iod of one year from the date of the death of the deceased. The sale and purchase are two links in the same chain. We are fortified in this view by a decision of the Madras High Court in C. V. Ramanathan v. CIT 1980 125 ITR 191. We accordingly answer the question in the negative, that is, in favour of the assessee and against the Revenue. No costs.