https://www.taxtmi.com/caselaws?id=67882 A lawful deduction under the Wealth-tax Act cannot be withdrawn merely because the assessee did not expressly claim it in the return, where the allowance is otherwise permissible in law and the relevant material is already on record. The assessing authority must apply the statute correctly and grant available relief on the basis of the record, and a valid relief does not become inadmissible because it was omitted from the computation. On that basis, the deduction under section 5(1)(xxxii) was held to have been wrongly withdrawn and the relief earlier allowed was sustained in favour of the assessee. en-us Thu, 30 Aug 1984 00:00:00 +0530 Tue, 15 Mar 2011 11:32:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67882 A lawful deduction under the Wealth-tax Act cannot be withdrawn merely because the assessee did not expressly claim it in the return, where the allowance is otherwise permissible in law and the relevant material is already on record. The assessing authority must apply the statute correctly and grant available relief on the basis of the record, and a valid relief does not become inadmissible because it was omitted from the computation. On that basis, the deduction under section 5(1)(xxxii) was held to have been wrongly withdrawn and the relief earlier allowed was sustained in favour of the assessee. Case-Laws Wealth-tax Thu, 30 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67882