https://www.taxtmi.com/caselaws?id=67158 Bullion already covered by earlier coordinate Tribunal reasoning was treated consistently for wealth-tax purposes: the full value of 9,295 kg of silver bullion was includible in net wealth, the value of 57 kg of gold bullion was also includible, and the remaining 66 kg of gold bullion was excluded on the same factual matrix. The claimed deduction for a Central Excise penalty was disallowed because the penalty had not been paid, recovery was stayed, and the levy was later quashed, so no deductible liability was established for net wealth computation. en-us Mon, 06 Mar 1995 00:00:00 +0530 Wed, 09 Mar 2011 12:58:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67158 Bullion already covered by earlier coordinate Tribunal reasoning was treated consistently for wealth-tax purposes: the full value of 9,295 kg of silver bullion was includible in net wealth, the value of 57 kg of gold bullion was also includible, and the remaining 66 kg of gold bullion was excluded on the same factual matrix. The claimed deduction for a Central Excise penalty was disallowed because the penalty had not been paid, recovery was stayed, and the levy was later quashed, so no deductible liability was established for net wealth computation. Case-Laws Wealth-tax Mon, 06 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67158