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2005 (6) TMI 265 - AT - Income TaxExtract: .......solve the existing and future dispute. We are, therefore, inclined to reverse the findings of lower authorities to the effect that relinquishment of share in the plot of land by the assessee further in favour of his three sons does not amount to gift, but was essentially a family arrangement. 9. In the result, the appeal of the assessee is allowed.
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