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1968 (12) TMI 9 - HC - Income TaxWhether the Tribunal was right in disallowing the claim for deduction of wealth-tax payable by the assessee as an admissible business expenditure - Held, yes - futher it is held that first proviso to section 12B(2) of the IT Act, 1962, cannot be invoked by the department for the purpose of assessment to capital gains
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