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1997 (10) TMI 20 - MADRAS HIGH COURTExtract: .......ich should go into the reckoning of the value of the business assets passing on the death of the deceased. We see no error in the order of the Appellate Tribunal holding that the gratuity liability is deductible. Accordingly, we answer the question of law reframed by us in the affirmative and against the Revenue. There will be no order as to costs.
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