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1979 (4) TMI 97 - AT - Wealth-taxExtract: .......he value of the property cannot be very much as to be in the range of Rs. 3,75,000 as has been taken by the Department. We, therefore, hold that in this case a valuation of Rs. 2,45,000 can be considered as a reasonable value of the house as against Rs. 2,40,000 odd assessed for the asst. yr. 1971-72. 8. In the result, the appeal is partly allowed.
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