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Gift-tax Officers should collect information.
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....n from the State Govt. agencies in respect of other cases where the apparent consideration is not an adequate consideration and in respect of Gift-deeds, Settlement-deeds, Trust-deeds, and deeds where the transferors purport to distribute their individual properties, designating the deeds as instruments of partition appears necessary to provide for an effective counter check against evasion of Gif....
TaxTMI