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1977 (4) TMI 30 - MADRAS HIGH COURTExtract: .......the provision in question can be treated to be a debt at all owed by the assessee to the daughters so that it may qualify for deduction under the provisions of section 2(m) of the Wealth-tax Act, 1957. Under the circumstances, we answer the question referred to this court in the negative and against the assessee. There will be no order as to costs.
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