https://www.taxtmi.com/caselaws?id=64157 The AAC of Wealth-tax deleted the additions made by the WTO to the net wealth of the assessee, emphasizing that additions cannot be sustained based on presumed assets or undisclosed income. The judgment directed for fresh assessments to be conducted post-resolution of the pending income-tax appeals of the firm where the assessee is a partner, ensuring accurate assessment of the assessee's wealth based on confirmed income and assets. Appeals by the revenue were allowed for statistical purposes. en-us Tue, 03 May 1983 00:00:00 +0530 Sat, 05 Feb 2011 11:47:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64157 The AAC of Wealth-tax deleted the additions made by the WTO to the net wealth of the assessee, emphasizing that additions cannot be sustained based on presumed assets or undisclosed income. The judgment directed for fresh assessments to be conducted post-resolution of the pending income-tax appeals of the firm where the assessee is a partner, ensuring accurate assessment of the assessee's wealth based on confirmed income and assets. Appeals by the revenue were allowed for statistical purposes. Case-Laws Wealth-tax Tue, 03 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64157