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1987 (7) TMI 58 - HC - Wealth-taxExtract: .......ule that if two valuations are possible, the Department is bound to adopt the one which is more favourable to the assessee. This was the view of the Karnataka. High Court in V. C. Ramachandran v. CWT 1980 126 ITR 157. Accordingly, this question too is answered in the affirmative, i.e., in favour of the Department and against the assessee. No Costs.
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