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1994 (12) TMI 59 - HC - Wealth-taxExtract: .......at the Tribunal was right in holding that the net wealth of the two trusts in question was exempt from wealth-tax under section 5(1)(i) of the Wealth-tax Act. Accordingly, we answer the question referred to us in the affirmative and in favour of the assessee. Under the facts and in the circumstances of the case, there shall be no order as to costs.
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