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1992 (10) TMI 112 - AT - Income TaxExtract: .......he assessee-company to one group of shareholders of the company s properties. It was voluntary in nature and the absence of consideration is evident. In view of this, in our opinion, the transaction is exgible to gift-tax. We, therefore, uphold the order of the learned CGT(A) on this count. 14. In the result, appeal of the assessee stands dismissed
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