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A. SIVASAILAM versus COMMISSIONER OF WEALTH TAX


Asset Value Real Estate Equity Shares Holding Company treats as a person responsible for estate duty purposes It cannot be mentioned in the company's balance sheet in calculating the break-even value for this year in Demand for temporary demand The next year's demand can be considered as liability in the same year, which is shown as the outstanding demand to note in the profit and loss account for next year's liability in this year. Finally, in this case the value is determined by the order after which the status duty is determined by the order. Indian questions Estate Duty Act, 1953, section 17 and 19 Central Board of Direct Taxes Circular No. 2 (WT), 31 10 118 1967, dated 15 shares intervals of responsibility can not be considered in computing 9, 1973.

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