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1996 (6) TMI 105 - ITAT COCHINExtract: .......isions of s. 40(3)(vi) of the Finance Act, 1983 the assessee is entitled to exemption in respect of the property having extent of 3.60 acres of land. We also hold that the rate of Rs. 5,000 per cent adopted by the lower authorities for the purpose of valuation is just and proper. 6. In the result, the appeal filed by the assessee is partly allowed.
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