1988 (8) TMI 37

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..... mely: "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that the value of various items of drawings, paintings, manuscripts, etc., would be exempt under section 5(1)(xii) of the Wealth-tax Act, 1957, in the case of the assessee, ignoring the fact that in the accounting periods relevant to the income-tax assessment years 1964-65 and 1965-66, .....

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