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1984 (4) TMI 84 - ITAT BOMBAY-AExtract: .......s benefit has been given over to him without consideration by the assessee. 8. We have no hesitation in holding that as a matter of pure fact there is no transfer of any asset by the assessee to the minor, which would attract the provisions of the Gift-tax Act, 1958. The departmental appeal is dismissed though not for the reasons stated by the AAC.
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