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1990 (7) TMI 43 - BOMBAY HIGH COURTExtract: .......est requires to be and could be valued under section 7(1) of the Wealth-tax Act. The Tribunal, it has already been stated earlier, has referred to the valuation of such an interest by the arbitrators under section 24(6) of the Act. In the circumstances, we answer both the questions in the negative and in favour of the Revenue. No order as to costs.
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