https://www.taxtmi.com/caselaws?id=70110 The Appellate Tribunal ITAT MADRAS-C held that a refund of excess income tax, determined after the valuation date, should be included in the wealth of the assessee for the assessment year 1982-83. The Tribunal emphasized that the final quantification of tax liabilities is essential for wealth assessment purposes, as established by relevant court decisions. Therefore, the Tribunal upheld the Wealth Tax Officer's decision to include the refund amount in the assessee's wealth, overturning the Appellate Assistant Commissioner's ruling in favor of the assessee. en-us Sat, 16 Feb 1985 00:00:00 +0530 Thu, 14 Apr 2011 14:06:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70110 The Appellate Tribunal ITAT MADRAS-C held that a refund of excess income tax, determined after the valuation date, should be included in the wealth of the assessee for the assessment year 1982-83. The Tribunal emphasized that the final quantification of tax liabilities is essential for wealth assessment purposes, as established by relevant court decisions. Therefore, the Tribunal upheld the Wealth Tax Officer's decision to include the refund amount in the assessee's wealth, overturning the Appellate Assistant Commissioner's ruling in favor of the assessee. Case-Laws Wealth-tax Sat, 16 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70110