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2005 (11) TMI 179 - AT - Wealth-taxExtract: .......does not create any right in favour of the licensee. Section 4(8) applies only when a right in property is acquired by a person. Since as per agreement, no right is created in favour of bank, the question of invoking section 4(8) of the Act does not arise. The alternate claim of the assessee, thus, fails. 13. In the result, appeals stand dismissed.
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