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1964 (2) TMI 99 - MYSORE HIGH COURTExtract: ....... in the circumstances of the case, the claim for the deduction of the liability of ₹ 1,51,215 for the tax and ₹ 27,000 for penalty under the Income-tax Act should have been allowed in computing the principal value of the estate of the deceased. In other words, our answer is in favour of the assessee and against the revenue. 8. No costs.
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