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2006 (1) TMI 537 - AT - Wealth-taxExtract: .......ding increase of overdraft liability. We are therefore, inclined to reverse the finding of the lower authorities and direct the Assessing Officer to reduce the amount of overdraft availed for acquisition of motor car while computing net wealth under section 2(m) of the Wealth-tax Act. 10. In the result, both the appeals of the assessee are allowed.
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