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1992 (8) TMI 101 - AT - Income TaxExtract: .......ning of the word gift would not be covered by s. 5(1)(vii). Consequently, there is no question of any relief under s. 5(1)(vii) covering the assessee s case. It is not a case of relief because it is a case which is not covered by the definition of gift . For the above reasons, the transaction cannot be taxed under the GT Act. The appeal is allowed.
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