648/CBDT.

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....n the Lok Sabha during the clause-by-clause consideration of the Finance Bill, 1964. This assurance pertains to the application of section 52(2) of the income tax Act, 1961. The assurance is as under:- ' Today practically every transaction of the sale of property is for a much lower figure than what is actually received. The deed of registration mentions a particular amount, the actual money th....