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1991 (10) TMI 88 - ITAT COCHINExtract: ....... there was a diversion of income by overriding title in payment of the sale consideration directly by the purchasers of the property to KFC and that the sale consideration never accrued to the assessee. We also leave it open the issue of cost as on 1st January, 1964 to be deducted from the sale consideration. 1. In the result the appeal is allowed.
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