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1975 (7) TMI 16 - HC - Income TaxExtract: .......cted. In our view, therefore, the Tribunal was right in excluding the value of the Government securities worth Rs. 1 lakh from the principal value of the dutiable estate under section 10 of the Act. The question is, therefore, answered in the negative and against the department. Revenue will pay the costs of the reference to the accountable person.
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