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<h1>High Court directs Tribunal to determine if compulsory deposit account balance is excluded from wealth tax liability under Wealth-tax Act.</h1> The High Court directed the Tribunal to determine if a compulsory deposit account balance is excluded from wealth tax liability as per the Wealth-tax Act. ... Reference, Wealth Tax The High Court directed the Tribunal to refer a question regarding the exclusion of a compulsory deposit account balance from wealth tax liability. The Tribunal will decide if the balance qualifies as an asset under the Wealth-tax Act. No costs were awarded.
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