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1992 (5) TMI 77 - AT - Income TaxExtract: .......adjacent property in April 1964 which indicated a value of Rs. 10,000 per ground. In the circumstances, we have to accept the claim of the assessee that the value of the property could be reasonably estimated at Rs. 3 lakhs as on 1-1-1964 for the purpose of computing the capital gains. We direct accordingly. 14. In the result, the appeal is allowed
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