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[Cites 0, Cited by 0] [Section 1B(2)] [Section 1B] [Entire Act]

Union of India - Subsection

Section 1B(2)(b) in The Wealth-Tax Rules, 1957

(b)the value of the life interest so determined shall, in no case, exceed the market value as on the valuation date of the corpus of the trust from which the life interest is derived.]