TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Delhi High Court: Compensation not part of net wealth. Tribunal should consider legal grounds. Assessee's valuation unopposed.</h1> The High Court of Delhi held that the compensation amount in question was not to be included in the net wealth of the assessee. The court emphasized that ... Wealth Tax, Net Wealth, Reference, Appeal To Appellate Tribunal The High Court of Delhi heard twelve references related to the same assessee, with some filed by the Revenue and some by the assessee. The court held that the compensation amount for which an appeal was filed was not liable to be included in the net wealth of the assessee. The court also stated that the Tribunal should have admitted additional legal grounds if they were contrary to the earlier position accepted by the assessee. The court declined to answer the question referred at the assessee's instance as the valuation fixed by the Tribunal was not challenged by the assessee.
TaxTMI 
TaxTMI 
