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When are provisions of section 45(2) and section 49(1) of the Income-tax Act not applicable?

July 29, 2020[2020] 117 994 (Article)
The Supreme Court in the case of Kalooram Govindram vs.CIT [1965] 57 ITR 335 (SC) speaking through the majority while holding that cost of property to member on the date of partition would be value given to it for purpose of allotment, provided it was real
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