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1985 (1) TMI 137 - ITAT MADRAS-CExtract: .......orders of Tribunal as settled above, we are of the opinion that a sum of Rs. 1 lakh given by each of the assessee to the said Kaliappan through a family arrangement will not be hit by the GT Act. Accordingly, we set aside the gift-tax assessment made by the authorities below in the case a assessee herein and allow the appeals filed by the assessee.
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