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1988 (4) TMI 117 - ITAT DELHI-EExtract: ....... the purpose of wealth-tax would be lesser. Therefore, we are of the view that the value as declared by the assessee should have been accepted. We, therefore, allow the assessee s appeal and direct that the value of the gift be taken at Rs. 2 lakhs as declared by the assessee. 15. The assessee s appeal is allowed. The revenue s appeal is dismissed.
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