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1973 (3) TMI 4 - SC - Wealth-taxWhether the compensation distributed to the junior members in a zamindari family u/s 45 of the Madras Estates (Abolition and Conversion into Ryotwari) Act, 1948, can be taken into consideration in computing the net wealth of the family - when the compensation amount is paid or is made payable to the sons, the same became their absolute property. Therefore, there is no question of extending the fiction provided in section 45 - no merit in these appeals
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