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1977 (8) TMI 175 - HC - Wealth-taxExtract: .......Act and the Wealth-tax Rules, the Appellate Tribunal was justified in allowing deduction to the extent of ₹ 91,400 in respect of the exempted assets held by the firm in which the assessee was a partner in computing his net wealth. Assessee would have his costs of the reference. Hearing fee is assessed at rupees one hundred. PANDA J.--I agree.
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