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1986 (3) TMI 102 - ITAT BANGALOREExtract: .......e case of WTO v. C. K. Mammed Kayi 1981 129 ITR 307where it was.held that the word individual occurring in the Act does include a group of assessees. In the circumstances, we accept the claim of the assessee for exemption under section 5(1)(xviia) and we direct the WTO to compute the net wealth after granting the deduction. The appeals are allowed.
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