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1991 (3) TMI 91 - BOMBAY HIGH COURTExtract: .......up on a date immediately preceding the valuation date (in the present case, it will be the date of death). Incidentally, this is also the view taken by the Karnataka High Court in the case of CED v. J. Krishna Murthy 1974 96 ITR 87. Accordingly, we answer the question in the affirmative and in favour of the accountable person. No order as to costs.
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