https://www.taxtmi.com/caselaws?id=68583 The Appellate Tribunal consolidated appeals arising from orders by the CWT(A) for various assessment years. The inclusion of income in wealth tax assessment based on impounded diaries was disputed, as income tax proceedings were not finalized due to a High Court stay. The Tribunal ruled that wealth tax liability cannot be determined if income tax proceedings are unresolved, invalidating additions based on inconclusive income tax assessments. All appeals were allowed for statistical purposes, stressing the need for finality in wealth tax liability determination linked to income tax assessments. en-us Fri, 18 Nov 2005 00:00:00 +0530 Wed, 18 Jul 2012 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68583 The Appellate Tribunal consolidated appeals arising from orders by the CWT(A) for various assessment years. The inclusion of income in wealth tax assessment based on impounded diaries was disputed, as income tax proceedings were not finalized due to a High Court stay. The Tribunal ruled that wealth tax liability cannot be determined if income tax proceedings are unresolved, invalidating additions based on inconclusive income tax assessments. All appeals were allowed for statistical purposes, stressing the need for finality in wealth tax liability determination linked to income tax assessments. Case-Laws Wealth-tax Fri, 18 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68583