https://www.taxtmi.com/caselaws?id=62596 The Tribunal partially allowed the appeal, excluding the amount related to tourist/taxi cars from wealth computation for the assessment year 1985-86. This decision was based on the clarificatory nature of the amendment introduced in the Finance Act, 1988, which aimed to exclude motor cars used as taxis from wealth computation. The Tribunal also directed the Assessing Officer to withdraw the proportionate amount related to depreciation deduction from the total value of office cars. en-us Fri, 28 Jul 1995 00:00:00 +0530 Thu, 20 Jan 2011 16:27:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62596 The Tribunal partially allowed the appeal, excluding the amount related to tourist/taxi cars from wealth computation for the assessment year 1985-86. This decision was based on the clarificatory nature of the amendment introduced in the Finance Act, 1988, which aimed to exclude motor cars used as taxis from wealth computation. The Tribunal also directed the Assessing Officer to withdraw the proportionate amount related to depreciation deduction from the total value of office cars. Case-Laws Wealth-tax Fri, 28 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62596