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<h1>Bombay High Court favors assessee in Wealth-tax Act case, citing precedent judgments. Fourth question pending.</h1> The High Court of Bombay ruled in favor of the assessee on three out of four questions under the Wealth-tax Act, 1957, based on precedent judgments. The ... - The High Court of Bombay addressed four questions under the Wealth-tax Act, 1957. The first two questions were answered in favor of the assessee based on previous court judgments. The third question was answered in the negative, favoring the assessee. The fourth question was not answered due to the outcome of the third question.
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