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1999 (5) TMI 86 - AT - Wealth-taxExtract: .......ourt in the case of Trustees of K.B.H.M. Bhiwandiwalla Trust . 11. In the light of the above discussion, we hold that the assessee-trust is predominantly for charity and hence the trust is entitled to exemption under section 5(1)(i) of the Wealth-tax Act. We accordingly uphold the finding of the CIT(A). 12. In the result, the appeals are dismissed.
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