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1977 (8) TMI 71 - ITAT COCHINExtract: .......ing the net wealth of the firm a deduction of Rs.1,62,864 and half of Rs. 1,55,762 has to be allowed. 6. So the appeal is allowed in part. The Wealth-tax assessment will be revised taking Rs. 3,60.150 (Rupees three lakh sixty thousand and one hundred and fifty only) instead of Rs. 6,00,890 adopted by the WTO for M/s. George and Bros., Kozhencherry.
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