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1981 (8) TMI 102 - ITAT CALCUTTA-BExtract: .......ore, to accept that the fair market value of one-fourth share of the property in 1970 was Rs. 69,000. The consideration being adequate, there are no grounds to invoke the provisions of section 64(1)(iv). We, therefore, agree with the AAC and dismiss the appeal filed by the revenue. 6. The cross-objection by the assessee is dismissed as not pressed.
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