https://www.taxtmi.com/caselaws?id=5874 The Supreme Court clarified the interpretation of wealth-tax law regarding the deduction of tax liabilities in computing net wealth. The Court ruled that deductions should be based on the tax as finally quantified on assessment, even if determined after the valuation date, as the assessment order supersedes the data in the assessee's return. The appeals were dismissed, upholding the High Court's decision, and costs were awarded to the respondent. en-us Fri, 21 Oct 1983 00:00:00 +0530 Thu, 13 Feb 2014 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5874 The Supreme Court clarified the interpretation of wealth-tax law regarding the deduction of tax liabilities in computing net wealth. The Court ruled that deductions should be based on the tax as finally quantified on assessment, even if determined after the valuation date, as the assessment order supersedes the data in the assessee's return. The appeals were dismissed, upholding the High Court's decision, and costs were awarded to the respondent. Case-Laws Wealth-tax Fri, 21 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5874