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1992 (9) TMI 44 - HC - Wealth-taxExtract: .......efore, the aforesaid firm being an industrial undertaking within the meaning of the Explanation to section 5(1)(xxxii) of the Act, the assessee is entitled to exemption in respect of his interest in the said firm. We, therefore, answer the question in the affirmative, that is, against the Revenue and in favour of the assessee. No order as to costs.
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