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1993 (11) TMI 89 - AT - Income TaxExtract: .......ctor of the assessee-company and the tenant, subsequently, the transferee of the premises. It can only be said that this was only a subterfuge. In our opinion, the case of the assessee clearly falls within the ken of section 4 of the Gift-tax Act. Accordingly, we uphold the impugned order. 11. In the result, appeal of the assessee stands dismissed.
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