https://www.taxtmi.com/caselaws?id=67980 The ITAT partly allowed the appeals, directing the assessee to claim exemption of the value of copper coins under s. 5(1)(xii) afresh. The exemption under s. 5(1)(iv) for the years 1970-71 and 1971-72 was allowed subject to verification. The ITAT also permitted the deduction of taxation liabilities and land/building tax from the total wealth for the years 1973-74 to 1977-78, emphasizing the need for thorough examination and verification of the liabilities. The decision of the CWT (Appeals) in previous years would guide the current cases. en-us Tue, 10 Feb 1987 00:00:00 +0530 Wed, 16 Mar 2011 11:58:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67980 The ITAT partly allowed the appeals, directing the assessee to claim exemption of the value of copper coins under s. 5(1)(xii) afresh. The exemption under s. 5(1)(iv) for the years 1970-71 and 1971-72 was allowed subject to verification. The ITAT also permitted the deduction of taxation liabilities and land/building tax from the total wealth for the years 1973-74 to 1977-78, emphasizing the need for thorough examination and verification of the liabilities. The decision of the CWT (Appeals) in previous years would guide the current cases. Case-Laws Wealth-tax Tue, 10 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67980