https://www.taxtmi.com/acts?id=6491 The provision allowing any debt relating to the business owed by the assessee but not disclosed in the balance sheet to be allowed as a deduction, with the express qualification that a contingent liability shall not be treated as a debt owed, has been omitted from the Wealth Tax Rules. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 14 Sep 2012 16:57:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6491 The provision allowing any debt relating to the business owed by the assessee but not disclosed in the balance sheet to be allowed as a deduction, with the express qualification that a contingent liability shall not be treated as a debt owed, has been omitted from the Wealth Tax Rules. Act-Rules Wealth-tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6491