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1972 (6) TMI 14 - HC - Wealth-taxWhether, the deduction admissible is in respect of tax payable pursuant to the relevant return filed by the assessee or whether such deduction is admissible in respect of tax as finally determined on assessment - When one coparcener of Hindu joint family died, his share devolved on mother and wife under Hindu Succession Act, 1956, what is the extent of the interest of the surviving joint family in the family jewellery - Tribunal was right in taking the view that only two-thirds share in the jewellery was liable to be taken into account in computing the net wealth of the assessee Hindu undivided family and since it was of the value of less than Rs. 25,000, it was exempt u/s 5(1)(xiv).
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