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1981 (7) TMI 87 - ITAT BANGALOREExtract: .......(1) of s. 52 of the Act is inapplicable to the sales of inadequate consideration. Following the above decision, we held that the sale consideration shown by the assessee at Rs. 32,000 should have been adopted and not Rs. 54,000. We direct the ITO to adopt Rs. 32,000 and compute the capital gains accordingly. 4. In the result, the appeal is allowed.
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