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1978 (4) TMI 31 - HC - Wealth-taxExtract: .......he Supreme Court in the case of P. N. Sikand 1977 107 ITR 922 that a leasehold interest is an asset within the meaning of the W.T. Act concludes the controversy in the matter, if any. For the reasons given above, we answer the question referred in the affirmative and in favour of the revenue. There will be no order as to costs. BANERJI J.- I agree.
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