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1975 (1) TMI 43 - ITAT DELHI-DExtract: .......ssment was made at a higher figure does not in our opinion create a new fact. This was based only on an estimate. That could not form, in our opinion, information for the purpose of reopening the gift tax assessment. We accordingly allow the assessee rsquo s appeal and quash the reassessment made under s. 16. 5. In the result the appeal is allowed.
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