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2006 (10) TMI 96 - ALLAHABAD HIGH COURTWealth-tax - Reversionary value of the land could not be taken into consideration where the value of the property was determined by capitalizing the annual letting value – as per rule 1BB (inserted from April1, 1979 in wealth tax) Tribunal was legally correct in allowing deduction of one-sixth for repairs and 6 per cent. for collection charges for working out the net annual letting value of the property
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