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1986 (11) TMI 390 - AT - Income TaxExtract: .......from 30 per cent to 25 per cent would not tantamount to a gift within the meaning of section 4(1)(a). 14. I, therefore, agree with the view taken by the learned Accountant Member and conclude that the assessment made by the GTO deserves to be cancelled. The case will now go to the Division Bench for disposal in accordance with the majority opinion.
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