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1985 (7) TMI 190 - ITAT MADRAS-DExtract: .......we have pointed out earlier there is not only consideration but also adequate consideration. 10. In this view of the matte we set aside the order of the AAC and the GTO and direct that the transaction in this case was not liable to gift-tax as there was not only consideration but also adequate consideration. 11. In the result the appeal is allowed.
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