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1988 (7) TMI 27 - HC - Wealth-taxExtract: .......iple No. 2 in Mahadeo Jalan s case 1972 86 ITR 621. Rule 1D may be applied in cases where it is found that the yield method does not lead to determination of the market value, as contemplated by section 7(1). In the valuation of shares of companies which are ripe for winding up, rule 1 D shall, of course, be applied. Answered accordingly. No costs.
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