https://www.taxtmi.com/caselaws?id=64923 The Tribunal held that the amount of Rs. 90,270, claimed as a debt owed by the appellant but utilized by them without authorization, was taxable under the Wealth-tax Act. The valuation method dispute regarding equity shares of Khosla Foundry Limited was not discussed in the summary. The Tribunal did not provide detailed analysis on the treatment of the compulsory deposit of Rs. 2,44,479 under the C.B.S. Scheme for wealth-tax assessment. en-us Fri, 25 Nov 1988 00:00:00 +0530 Fri, 11 Feb 2011 12:03:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64923 The Tribunal held that the amount of Rs. 90,270, claimed as a debt owed by the appellant but utilized by them without authorization, was taxable under the Wealth-tax Act. The valuation method dispute regarding equity shares of Khosla Foundry Limited was not discussed in the summary. The Tribunal did not provide detailed analysis on the treatment of the compulsory deposit of Rs. 2,44,479 under the C.B.S. Scheme for wealth-tax assessment. Case-Laws Wealth-tax Fri, 25 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64923