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1971 (12) TMI 32 - HC - Income TaxGift Tax Act, 1958 - sole proprietor converts his business into partnership concern with the entire capital being contributed by the assessee - whether the shares given to partnership including goodwill amounts to gift - Whether, on the facts and in the circumstances of the case, the gift was exempt under section 5(1)(xiv) of the Gift-tax Act, 1958
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