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1980 (8) TMI 70 - HC - Income TaxExtract: ....... inadequate consideration, whatever be the reason, resulting in the avoidance of the receipt of capital gains itself. For the aforesaid reasons, we answer the first question in the negative, i.e., against the revenue and in favour of the assessee. In view of our answer to the first question, we consider it unnecessary to answer the second question.
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