https://www.taxtmi.com/caselaws?id=63150 The Tribunal partly allowed the appeal regarding the wealth-tax assessment for the assessment year 1979-80. It directed the WTO to recompute the value of shares of M/s Eicher Goodearth Ltd. based on the findings and observations in the judgment. The Tribunal rejected the deduction of liability for proposed dividend, held that advance tax should not be excluded in valuing equity shares, upheld the valuation of Goodearth Engines Pvt. Ltd.'s shares, and dismissed the consideration of contingent liability for arrears of dividend on cumulative preference shares. en-us Thu, 29 Jan 1987 00:00:00 +0530 Fri, 28 Jan 2011 10:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63150 The Tribunal partly allowed the appeal regarding the wealth-tax assessment for the assessment year 1979-80. It directed the WTO to recompute the value of shares of M/s Eicher Goodearth Ltd. based on the findings and observations in the judgment. The Tribunal rejected the deduction of liability for proposed dividend, held that advance tax should not be excluded in valuing equity shares, upheld the valuation of Goodearth Engines Pvt. Ltd.'s shares, and dismissed the consideration of contingent liability for arrears of dividend on cumulative preference shares. Case-Laws Wealth-tax Thu, 29 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63150