1988 (3) TMI 4

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....rnataka-11, Bangalore, by the Tribunal under section 27(1) of the Wealth-tax Act, 1957("the Act" for short). The questions referred for the opinion of this court are : "(i) Whether, on the facts and in the circumstances of the case, in valuing the assets held by the assessee in Bharat Bidi Works Pvt. Ltd., the amount representing the advance income-tax paid by the company should not be deducted ....