850/CBDT.

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..... y capital asset is determined or fixed by the Central Government or the Reserve Bank of India, such consideration shall be taken to be the market value of the asset on the date of its transfer, for the purposes of Section 52(2) of the Income-tax Act, 1961 and Section 4(1) (a) of the Gift-tax Act, 1958. 2. A question has been raised whether the provision of Chapter XXA of the Income-tax Act, 1961 .....

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