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2001 (10) TMI 260 - ITAT DELHI-BExtract: ....... assessee. 10. In view of the above discussion, it is held that wealth-tax levied by virtue of section 40 of Finance Act, 1983 was wealth-tax chargeable under 1957 Act and accordingly the same was disallowable under section 40(a)(iia) of 1961 Act. The orders of CIT(A) are, therefore, upheld. 11. In the result, appeals of the assessee are dismissed.
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