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1992 (1) TMI 45 - HC - Wealth-taxExtract: .......ern the case. If the shares are exempt under the Income-tax Act, the assessee will be entitled to exemption in respect of its net wealth in terms of section 5(1)(i). For the reasons aforesaid, we answer the question in this reference in the affirmative and in favour of the assessee. There will be no order as to costs. SHYAMAL KUMAR SEN J. -I agree.
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