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1993 (1) TMI 111 - ITAT DELHI-AExtract: .......ove discussion, the appeal of the assessee succeeds on legal point. Therefore, we set aside the order of the CWT (Appeals) valuing the property under the Wealth-tax Act. The Cinema-house being plant and machinery, is not chargeable to tax as per the provisions of section 40(3) of the Finance Act, 1983 also. 12. In the result, the appeal is allowed.
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