1983 (12) TMI 138

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....ssessment. The AAC found that the assessee had released his 1/4th share in a single indivisible residential house on receipt of a consideration of Rs. 25,000. He was of the opinion that even though the cost of that asset was Rs. 2,25,000 and thus the assessee's share was Rs. 57,000 there was nothing to show that there was any understatement of the consideration because the assessee had an indivisi....