https://www.taxtmi.com/caselaws?id=67025 The Tribunal upheld the AAC's decision to delete the enhanced share of profit added in the Wealth Tax assessment, dismissing the revenue's appeal. The Tribunal found that the AAC's decision was justified as the Department failed to prove the actual existence of the asset in question and could not introduce a new case post-assessment. The Tribunal concluded that the AAC's order was valid and supported by the reasons provided in the appellate order, leading to the deletion of the addition being upheld. en-us Tue, 20 Apr 1982 00:00:00 +0530 Tue, 08 Mar 2011 17:49:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67025 The Tribunal upheld the AAC's decision to delete the enhanced share of profit added in the Wealth Tax assessment, dismissing the revenue's appeal. The Tribunal found that the AAC's decision was justified as the Department failed to prove the actual existence of the asset in question and could not introduce a new case post-assessment. The Tribunal concluded that the AAC's order was valid and supported by the reasons provided in the appellate order, leading to the deletion of the addition being upheld. Case-Laws Wealth-tax Tue, 20 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67025