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1996 (7) TMI 182 - ITAT COCHINExtract: .......g part of his share of profit. Hence, it cannot be accepted that the gift made by the assessee is for consideration in money or money s worth within the meaning of s. 2(xii) of the GT Act. 6. In the circumstances discussed above, we find no reason to interfere with the order of the CIT(A). This appeal filed by the assessee is, therefore, dismissed.
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