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1991 (6) TMI 35 - KARNATAKA HIGH COURTExtract: .......ing an asset and its value the valuation of an asset depends upon several factors and, in a given case, at a particular moment, the value of the asset may even be zero still asset, is an asset . Consequently, we are of the view that the question referred has to be answered in the affirmative and against the assessee. Reference answered accordingly.
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