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1987 (1) TMI 151 - AT - Wealth-tax

The appeals were against the valuation of shares in Mahalaxmi Sugar Mills Ltd. The AAC's order was challenged, and the Delhi High Court's decision was cited. The ITAT set aside the AAC's order and directed the WTO to determine the share value based on the principles in the Delhi High Court case. The appeals were allowed for statistical purposes.

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