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1978 (6) TMI 44 - HC - Income TaxExtract: ....... actual price paid for the very same property by the deceased nearly three years before the time of his death. In the circumstances, there was no justification for the Tribunal to apply the capitalisation principle enunciated in the case of V. C. Ramachandran 1966 60 ITR 103 (Mys). Hence, all the questions are answered in the affirmative. No costs.
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