W.T.AS. NOS. 326/KB TO 329/KB, 311/KB TO 320/KB OF 1997-98, 57/KB, versus W.T.AS. NOS. 326/KB TO 329/KB, 311/KB TO 320/KB OF 1997-98, 57/KB,
Wealth Tax Act 1963 Section 5 (1) (xv) (ii), 17 B&S Schedule, Part 1, CL 7 (i) and (ii) Section RO 649 (1) / 85, dated 1 7 1985 C BRC No ITJI (I) () /) /, 85, dated 8 8 1990 1990 The purchase of foreign remittances from foreign banks was claimed by FEBC's Insurance of Wealth Tax if the FEB. C has been disclosed, which was inspected by the inspecting officer inspector's assistant commissioner. On the ground: Hat property created by FEBC's incorporation was not exempt, if the provisions contained in Sections 7 (i) and (ii) of the Second Schedule to the Wealth Tax Act, 1963 were valid, The exchange was exempt from the imposition of the Wealth Tax under paragraph (i) (1) (1) of the Second Schedule to the FEBC Foreign Exchange Foreign Exchange Act, 1963, and the purchase of PEBC retains the same asset. Is. Banking channels, in any other asset, will receive an exemption under paragraph (II) of the Total Interest (7) Schedule to the Wealth Tax Act, 1963 [PTD (1997) repealed 1928].
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