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1986 (11) TMI 111 - ITAT DELHI-EExtract: .......gnising that the transaction before us had no genuine family necessity or genuine business arrangement behind it and the only motivation was avoidance of tax. We do not think that such a device cannot be given lsquo judicial benediction rsquo . We would, therefore, maintain the order of the AAC as correct. 5. In the result, the appeal is dismissed.
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