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1972 (2) TMI 25 - ANDHRA PRADESH HIGH COURTPetitioner and his sons constituted a Hindu undivided family. There was a partition between the members of the family - Assessee sold buildings to his divided sons. The difference was offered as capital gains. ITO estimated fair market value at higher figure and the difference was treated as capital gains- whether assessee can also be assessed to gift-tax on the difference
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