Computation of capital gains on the basis of the fair market value.

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..... 4(1)(a) Statute: Gift Tax Act, 1958 In terms of section 4(1)(a) of the Gift-tax Act, 1958, where property is transferred otherwise than for adequate consideration, the amount by which the market va .....

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..... of section 52 would also attract the provisions of section 4(1)(a) of the Gift-tax Act, the Income-tax Officers should, while considering the applicability of section 52, also examine the applicabilit .....

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