https://www.taxtmi.com/caselaws?id=252301 The court partly allowed the assessee's appeal, confirming Rs. 27 lacs and Rs. 62 lacs as debts owed under section 2(m) of the Wealth Tax Act. The Revenue's appeal regarding the rectification application was dismissed. The judgment highlighted the significance of the valuation date and the treatment of security deposits in determining deductible debts under the Act. en-us Wed, 17 Sep 2014 00:00:00 +0530 Fri, 17 Oct 2014 08:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252301 The court partly allowed the assessee's appeal, confirming Rs. 27 lacs and Rs. 62 lacs as debts owed under section 2(m) of the Wealth Tax Act. The Revenue's appeal regarding the rectification application was dismissed. The judgment highlighted the significance of the valuation date and the treatment of security deposits in determining deductible debts under the Act. Case-Laws Wealth-tax Wed, 17 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252301