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1969 (12) TMI 18 - HC - Income TaxEstate Duty Act, 1953 - In allowing deductions from gross annual rental to arrive at the figure of net annual rental in the deductions allowed by the Board of Revenue deduction for repairs is to be allowed at the rate of 1/6th of the rent and not at the rate of 1/12th - there is no provision in the Estate Duty which says that report of valuation of property made by a valuer appointed under s. 4(3) is binding on the authorities under the Act.
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