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1975 (7) TMI 60 - HC - Wealth-taxExtract: ....... the business of the company. Thus, it is clearly an asset belonging to the assessee-company and is includible in the net wealth of the assessee-company. Thus, the sum of Rs. 7,22,477 standing to the credit of development reserve is liable to be included in determining the net wealth of the assessee. The assessee shall pay the costs of the revenue.
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