1981 (3) TMI 115

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....that a sum of Rs. 2,44,117 should not be included in the net wealth of the assessee as it is exempt under s. 5(1) (xxxiv). Both the WTO and AAC considered that the assessee was not entitled to this exemption under s. 5(1) (xxxiv). In the course of hearing before us, the assessee has filed additional ground making an alternative claim for exemption of the same amount under s. 5(1) (xxxiii). It is p....