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1993 (10) TMI 13 - HC - Income TaxExtract: .......on the basis that it is a debt or charge cannot be allowed. Still, however, on account of the said liability, there would be diminution in the value of the estate, which is required to be fixed under section 36(1) of the Estate Duty Act and, therefore, deduction is required to be allowed. Reference is answered accordingly with no order as to costs.
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