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1976 (3) TMI 84 - ITAT HYDERABAD-AExtract: ....... severe penal provisions with the view to avoid a paltry sum of wealth tax. It cannot, therefore, be said that the assessee omitted to include the value of the sites in his net wealth as a conscious and deliberate act of suppressing the wealth. For these reasons, we uphold the orders of the AAC. 4. In the result, the appeals fail and are dismissed.
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