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1977 (7) TMI 38 - BOMBAY HIGH COURTExtract: ....... the case, for computing the net wealth of the assessee under section 7(2)(a) of the Wealth-tax Act, the values of the block assets of the assessee-company should be taken at their depreciated or written down values as determined by the income-tax authorities for income-tax purposes. The revenue will pay the costs of this reference to the assesses.
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