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1977 (7) TMI 17 - HC - Income TaxExtract: .......onclusion that the only value that was includible in the principal value of the estate that passed on the death of Nemchand was the value of 1/4th of the goodwill and tenancy rights of the business. The question is, therefore, answered in the affirmative and in favour of the assessee. The revenue will pay the costs of the reference to the assessee.
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