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1970 (4) TMI 41 - ALLAHABAD HIGH COURTWealth Tax Act, 1957 - held that provisions made for payment of income-tax and super tax which is not an over estimate is allowable as debt owed by the assessee - Whether,the sum being the balance of the demand payable as a result of the findings and orders of the Income-tax Investigation Commission was deductible in determining the net wealth of the company - question is answered in affirmitive in favour of assessee
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