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1971 (11) TMI 30 - HC - Wealth-taxInclusion in net wealth - assessee had not admitted that the income found to have accrued due to him during the relative accounting periods for the assessment years 1957-58, 1958-59 and 1959-60 existed with him on any date in part or as a whole as his asset. There is no presumption as we indicated earlier that the whole of the income or any part of it continued as an asset of the assessee. There was no material whatever to indicate that there were any assets other than those disclosed in existence on the valuation dates - additions are not justified
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