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1971 (11) TMI 15 - KERALA HIGH COURT"Whether, on the facts and in the circumstances of the case, and on a true construction of the deed dated March 22, 1963, the Tribunal was right in holding that the deed does not evidence a transfer otherwise than for adequate consideration within the meaning of section 64(iv) of the Income-tax Act ?" - We hold that the income accruing from the property transferred by the document in question is income which has to be included in the income of the assessee and assessed as such.
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