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1997 (6) TMI 359 - ITAT MUMBAIExtract: .......ssee pleaded that local value cannot be adopted because, the assessee came to India on an International Flight and the extent of the investment cannot be in terms of the local value of the gold. We agree with this contention and dismiss the appeal. 21. In the result, the appeal of the assessee is partly allowed and that of the Revenue is dismissed.
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