High Court rules in favor of assessee on income-tax liabilities under Wealth-tax Act, aligning with past decisions.

The High Court of Allahabad ruled in favor of the assessee regarding income-tax liabilities under the Wealth-tax Act, aligning with previous decisions in favor of the assessee. The reference was answered in favor of the assessee, with no costs ordered.

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The High Court of Allahabad was asked to consider a question regarding income-tax liabilities under the Wealth-tax Act. Previous court decisions favored the assessee, and the High Court ruled in favor of the assessee in this case as well. The reference was answered in favor of the assessee, with no costs ordered.

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