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1977 (9) TMI 7 - BOMBAY HIGH COURTExtract: .......nswered as under The Tribunal was not right in holding that the transfer of the immovable properties by the assessee to his wife was for adequate consideration and the income from the properties so transferred was not includible in the total income of the assessee under section 64(1)(iii) of the Act. The assessee shall pay the costs of the revenue.
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