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COMMISSIONER OF WEALTH TAX versus PRINCE MUFFAKHAM JAH BAHADUR CHAMLIJAN


Intangible right to live property for life is not applicable to an Asset Value Rule 1B whose value is normally set to To Price if the assumed Indian Wealth Tax Act 1957, Sections 2 (c) and 7 are sold in Indian What would be the asset if the Wealth Tax Rules, 1957, R 1B [CWT v. Prince Mufak Jah Bahadur (1990) 186 ITR 421 reversed]

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