https://www.taxtmi.com/caselaws?id=65599 The Tribunal upheld the Appellate Assistant Commissioner's direction to allow tax liabilities as deductions in computing the net wealth of the assessees, subject to verification of the final tax liabilities. The appeals by the Revenue were rejected, affirming the principle that tax liabilities, once ultimately determined, should be considered debts owed on the valuation dates. en-us Mon, 06 Jun 1988 00:00:00 +0530 Wed, 16 Feb 2011 18:22:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65599 The Tribunal upheld the Appellate Assistant Commissioner's direction to allow tax liabilities as deductions in computing the net wealth of the assessees, subject to verification of the final tax liabilities. The appeals by the Revenue were rejected, affirming the principle that tax liabilities, once ultimately determined, should be considered debts owed on the valuation dates. Case-Laws Wealth-tax Mon, 06 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65599