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1973 (10) TMI 9 - RAJASTHAN HIGH COURT" Whether Tribunal was correct in holding that the transaction of giving Rs. 45,000 to Smt. Gatkoo Bai was neither a valid partition nor a family arrangement nor a valid gift and, therefore, disallowance of interest of Rs. 2,898, Rs. 2,838 and Rs. 2,336 in the assessment for the years 1959-60, 1960-61 and 1961-62, respectively, was correctly made ? " - submission of the learned counsel for the assessee that the transfer of the aforesaid sum of Rs. 45,000 to Smt. Gatkoo Bai represented a family arrangement cannot, therefore, be accepted.
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