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1977 (4) TMI 69 - ITAT MADRAS-BExtract: .......cture or processing of goods. The value of the assets of such undertaking has to be determined in accordance with R. 2H r/w s. 5(1)(xxxi). To this extent, the assessee will be entitled to the exemption which has to be worked out by the Wealth-tax Officer. We would, therefore, uphold the findings of the AAC and dismiss the appeals of the department.
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