659/CBDT.

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....st March 1965. Hence no liability to tax on the disclosed income should be deducted from the gross wealth on any of the valuation dates prior to 1st March, 1965. 2. The Board are now advised that a modification of these instructions is called for. A Single Bench of the Kerala High Court in the case of C.K. Babu Naidu 982 ITR 410) had supported the view held by the Department. However, this decisi....