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1976 (10) TMI 53 - ITAT CUTTACKExtract: .......operty was not free from encumbrances. In view of that fact we are of the opinion that the multiplier of 16 times to the net rental income as maintained by the Appellant Controller of Estate Duty is a little on the high side and it will be reasonable if the same is restricted to 13 times only. We direct accordingly. 9. The appeal is partly allowed.
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