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1996 (11) TMI 108 - AT - Wealth-taxExtract: .......b) of sub-section (5) thus, support the case of the assessee instead of going against it. For the aforesaid reasons. We accept arguments advanced on behalf of the assessee and hold that building and land possessed by the assessee cannot be charged to tax under section 40 of Finance Act, 1983. 8. In the result, the appeal of the assessee is allowed.
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