Deposit under "Own Your Telephone" Scheme-Taxability under Wealth-tax Act, 1957-Clarification regarding

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..... fication regarding. The Board have examined the question whether the deposit made under "Own Your Telephone" Scheme is an asset within the meaning of section 2(c) of the Wealth-tax Act, 1957, and, as such, includible in the net wealth of an assessee. 2. The payment made under "Own Your Telephone" Scheme is in the nature of advance payment of rent of a telephone connection and not in the nature o .....

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