https://www.taxtmi.com/caselaws?id=63806 The Tribunal allowed the deduction of Rs. 1,55,820 under s. 40(a)(iia) of the Finance Act, 1983, in favor of the assessee. The Tribunal determined that the wealth-tax paid by the assessee, related to specific assets as per s. 40 of the Finance Act, 1983, was eligible for deduction. The Tribunal directed the Assessing Officer to permit the deduction, citing legal precedents and the Explanation to s. 40(a)(iia). Other grounds raised were not pursued, resulting in a partial allowance of the appeal. en-us Wed, 28 Feb 2001 00:00:00 +0530 Fri, 22 Jun 2012 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63806 The Tribunal allowed the deduction of Rs. 1,55,820 under s. 40(a)(iia) of the Finance Act, 1983, in favor of the assessee. The Tribunal determined that the wealth-tax paid by the assessee, related to specific assets as per s. 40 of the Finance Act, 1983, was eligible for deduction. The Tribunal directed the Assessing Officer to permit the deduction, citing legal precedents and the Explanation to s. 40(a)(iia). Other grounds raised were not pursued, resulting in a partial allowance of the appeal. Case-Laws Income Tax Wed, 28 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63806