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1985 (3) TMI 235 - SC - Wealth-taxWhether Tribunal was right in holding that the provisions of s. 2(m)(iii)(a) were not applicable in respect of liabilities arising under the wealth-tax assessments of the assessee - held that Where a notice of demand pursuant to the order is served on the assessee before the valuation date and it is claimed by the assessee that the tax is not payable, such demand cannot be claimed as a deduction u/s 2(m)(iii)(a) even though appeal or other proceedings are not pending as on the valuation date
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