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1972 (3) TMI 2 - SC - Income TaxWealth-tax paid by a company on assets held by it for the purpose of its business was deductible as a business expenditure - Whether having regard to the provisions of the Wealth-tax Act of 1957, the allowance of wealth-tax liability was correct - Following our decision in Indian Aluminium Co. Ltd. v. Commissioner of Income-tax, judgment delivered just now, the appeal of revenue is dismissed
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