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1989 (11) TMI 84 - ITAT COCHINExtract: .......ereby dismissed. 8. The cross objections deals with computation of net wealth, deduction of liability and valuation of assets. Since in our view the assets of the trust would be exempted under s. 5(1)(i) of the WT Act, the cross objections are dismissed as infructuous. 9. In the result, all the appeals as well as the cross objections are dismissed.
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