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2001 (6) TMI 10 - HC - Income TaxExtract: .......WT v. Varadharaj a Theatres P. Ltd. 2001 250 ITR 523, wherein it was held that the business assets even such as cinema building were includible in the net wealth of the assessee. The principles laid down in the above decision are applicable to the case on hand and, therefore, we answer the question in favour of the Revenue and against the assessee.
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