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1980 (6) TMI 58 - ITAT DELHIExtract: .......r purposes of the business because the assessee was old and in view of his failing health needed a person to look after the business of the firm and entrust him with the responsibilities which he himself could not perform. Therefore, on this ground also, no gift-tax would be charged in this case. 8. In the result, the Revenue s appeal is dismissed.
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