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1988 (4) TMI 9 - HC - Wealth-tax

The High Court of Rajasthan ruled in favor of the assessee, allowing deduction for income-tax liability based on a settlement order. The decision was influenced by a previous Supreme Court ruling in CWT v. J. K. Cotton Manufacturers Ltd. No costs were awarded. (Case citation: 1988 (4) TMI 9 - RAJASTHAN High Court)

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