https://www.taxtmi.com/caselaws?id=64419 The Tribunal allowed the appeal in IT Appeal No. 1664 (Delhi) of 1983 and partially allowed other appeals. The value of assets was included in the assessee's wealth due to the lack of evidence for a valid transfer and the revocable nature of the transfer. The liability of Rs. 10,000 for the loan from Shri Jage Ram was upheld, and the exclusion of the value of 25,000 shares of Hindustan Garments Ltd. was accepted based on findings in previous income-tax proceedings. en-us Fri, 24 May 1985 00:00:00 +0530 Mon, 07 Feb 2011 17:41:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64419 The Tribunal allowed the appeal in IT Appeal No. 1664 (Delhi) of 1983 and partially allowed other appeals. The value of assets was included in the assessee's wealth due to the lack of evidence for a valid transfer and the revocable nature of the transfer. The liability of Rs. 10,000 for the loan from Shri Jage Ram was upheld, and the exclusion of the value of 25,000 shares of Hindustan Garments Ltd. was accepted based on findings in previous income-tax proceedings. Case-Laws Wealth-tax Fri, 24 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64419