(i) excludes debts located outside India in the case of certain classes of assessees, in whose case assets located out side India are excluded; that s.2 (m) (ii) bars the deduction of debts secured on or incurred in relation to exempted assets mentioned in section 5 (1) and 5 (2); that s.4 (3) permits the deduction of debts relating to assets, which do not stand in the name of the assessee, but which are nevertheless to be included in the net wealth of the assessee by virtue of the provision in section 4 (1); that s.6 (1) repeats the provision in section 2 (m) (i) excluding the debts located outside India where corresponding assets are excluded; and according to the Tribunal these provisions indicated a scheme of the Act which suggested that debts which qualified for deduction in computation of the net wealth were only those which were incurred in relation to the assets declared by the assessee, that is to say, in computing the net wealth the principle to be adopted was that when any assets were included the corresponding debts should be allowed but that when such assets were excluded or were liable to be excluded from the net wealth the corresponding debts should also be excluded.