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1991 (5) TMI 125 - ITAT JAIPURExtract: ....... the value of the plots has to be taken at Rs. 82,000, the provisions of section 4(1)(a) and section 4(1)(c) of the GT Act are not attracted. Accordingly, we hold that no gift chargeable to gift-tax arises from the impugned transaction and hence gift-tax assessment order framed by the GTO is cancelled and the appeal filed by the assessee is allowed
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