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1997 (4) TMI 17 - SC - Income TaxAcquisition of Immovable Property under section 269F - property was transferred by the two transferors who are jointly co-owners of the said property to four brothers in separate defined shares as prescribed in the sale deed - Revenue contend that the purchase was made by the four brothers as an association of persons - High Court was justified that the sale transaction could not be held to be a sale in favour of association of persons
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