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1989 (10) TMI 87 - ITAT CHANDIGARHExtract: .......he net wealth of the assessee or for that matter any accretion thereto should be treated as income of the joint family. We, therefore, reverse the orders of the authorities below and direct that the sum of Rs. 2,50,000 be excluded from the net wealth of the assessee for each of the years under appeal. 21. In the result both the appeals are allowed.
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