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1978 (11) TMI 103 - ITAT PUNEExtract: .......rom its components. Thus the assessee is entitled to the exemption as prescribed in s. 5(xxxii) of the Act. Accordingly, we direct the Wealth-tax Officer to ascertain the value of the interests of the assessee in the assets of the industrial undertaking and exempt that value from the liability to wealth-tax. 5. In the result, the appeal is allowed.
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