https://www.taxtmi.com/caselaws?id=61951 The Tribunal concluded that section 2(m)(iii) applied to the liabilities in question but agreed that the amounts could not be considered outstanding for more than twelve months if the assessee had paid instalments without default. The case was remanded to the AAC for verification of the payment status, with instructions to allow the claim if instalments were paid as required. The appeals were restored to the AAC for further proceedings. en-us Wed, 25 Nov 1981 00:00:00 +0530 Mon, 17 Jan 2011 12:33:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61951 The Tribunal concluded that section 2(m)(iii) applied to the liabilities in question but agreed that the amounts could not be considered outstanding for more than twelve months if the assessee had paid instalments without default. The case was remanded to the AAC for verification of the payment status, with instructions to allow the claim if instalments were paid as required. The appeals were restored to the AAC for further proceedings. Case-Laws Wealth-tax Wed, 25 Nov 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61951