https://www.taxtmi.com/caselaws?id=70180 The ITAT set aside the AAC's decision to exclude foreign wealth from net wealth assessments for the mentioned years. The ITAT directed a fresh assessment by the WTO, emphasizing the need to consider the market value of the foreign asset and relevant circumstances, including remittance restrictions. The appeals were treated as allowed for statistical purposes, leading to a re-evaluation of assessments in accordance with the ITAT's instructions. en-us Fri, 22 Feb 1980 00:00:00 +0530 Thu, 14 Apr 2011 17:18:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70180 The ITAT set aside the AAC's decision to exclude foreign wealth from net wealth assessments for the mentioned years. The ITAT directed a fresh assessment by the WTO, emphasizing the need to consider the market value of the foreign asset and relevant circumstances, including remittance restrictions. The appeals were treated as allowed for statistical purposes, leading to a re-evaluation of assessments in accordance with the ITAT's instructions. Case-Laws Wealth-tax Fri, 22 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70180