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1976 (3) TMI 6 - SC - Wealth-taxWhether in view of the provisions of section 7(2) of the Wealth-tax Act, an adjustment could be made in ascertaining the net value of the depreciable assets of the assessee-company by substituting the written down value of the assets computed under the Indian Income-tax Act for the value as shown in the balance-sheet - question is answered in the negative, against the assessee and in favour of the revenue
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