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1967 (2) TMI 14 - HC - Wealth-taxBonus shares - WTO proceeded on the basis as if sub-ss. (1) and (2) of s. 7 gave him a right to proceed on either of two alternative basis and he was at liberty to proceed on the balance-sheet if he liked despite the objections by the assessee, the procedure prescribed in s. 7 - Tribunal was justified in excluding the sum from the net value of the assets, as shown in the balance-sheet of the assessee
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