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1987 (2) TMI 97 - ITAT BOMBAY-BExtract: ....... his favour on the respective valuation dates. The value to be assessed in the hands of the assessee would, therefore, be the amount paid by him to the seller for purchasing the property viz., Rs. 3,75,000, as held by the CWT(A). The question of valuation as per the provisions of r. 1BB thus, does not arise. 7. In the result, appeals are dismissed.
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