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1989 (3) TMI 179 - ITAT MADRAS-CExtract: ....... quite reasonable considering that the Karta had only two daughters and no son. 9. In our considered opinion, the transfer of the assets was either in discharge of the obligation of the HUF or amounted to a family arrangement and could not, therefore, be held to be a gift. Hence we uphold the order of the CGT (Appeals). 10. The appeal is dismissed.
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