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1991 (11) TMI 103 - AT - Income TaxExtract: ....... we fix the fair market value at Rs. 3,00,000, which we consider as reasonable. The ITO should work out the capital gains taking the fair market value of the property at Rs. 3,00,000, as on 1st Jan., 1954. 13. The last ground is not pressed and hence the same is accordingly dismissed. 14. In the result, the appeal is partly allowed as stated above.
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