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1997 (3) TMI 91 - SC ORDERExtract: .......e property was accelerated. The transaction was held to be bona fide. It is an unilateral act. In such circumstances, we are of the view that the High Court was right in holding that there is "no transaction" exigible to tax within the meaning of the Gift-tax Act. The appeals are, therefore, dismissed. There shall be no order as to costs.
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