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1981 (11) TMI 73 - AT - Income TaxExtract: .......ind that the provisions of Explanation 3 to section 43(1) are not applicable. It follows that the contention of the assessee must be accepted and we direct that the actual cost of the assets in question shall be adopted at the amounts paid by the transferee as the consideration for transfer of the respective assets. 8. The appeal is partly allowed.
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