https://www.taxtmi.com/caselaws?id=326688 The Tribunal allowed liabilities deductions claimed by the assessee on a pro-rata basis for three years under appeal, directing the AO to allow appropriate deductions. As a result, WTA 51 was partly allowed, and WTA 52 and 53 were allowed. The decision was based on the Tribunal's interpretation of relevant legal provisions and precedents supporting pro-rata deduction of debts, despite the unavailability of specific records. en-us Mon, 29 Feb 2016 00:00:00 +0530 Fri, 22 Apr 2016 08:47:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326688 The Tribunal allowed liabilities deductions claimed by the assessee on a pro-rata basis for three years under appeal, directing the AO to allow appropriate deductions. As a result, WTA 51 was partly allowed, and WTA 52 and 53 were allowed. The decision was based on the Tribunal's interpretation of relevant legal provisions and precedents supporting pro-rata deduction of debts, despite the unavailability of specific records. Case-Laws Wealth-tax Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326688