https://www.taxtmi.com/caselaws?id=5875 The Supreme Court affirmed the Gujarat High Court's decision in a case concerning the deduction of tax liabilities for various assessment years in determining net wealth. The Court ruled in favor of the assessee, allowing the deduction of tax liabilities and clarifying that rectification orders for tax liabilities created post-valuation date should be treated similarly to original assessments for deduction purposes. The appeal was dismissed, emphasizing the treatment of tax liabilities in assessing net wealth and providing clarity on deductions based on assessment proceedings and rectification orders. en-us Fri, 21 Oct 1983 00:00:00 +0530 Thu, 13 Feb 2014 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5875 The Supreme Court affirmed the Gujarat High Court's decision in a case concerning the deduction of tax liabilities for various assessment years in determining net wealth. The Court ruled in favor of the assessee, allowing the deduction of tax liabilities and clarifying that rectification orders for tax liabilities created post-valuation date should be treated similarly to original assessments for deduction purposes. The appeal was dismissed, emphasizing the treatment of tax liabilities in assessing net wealth and providing clarity on deductions based on assessment proceedings and rectification orders. Case-Laws Wealth-tax Fri, 21 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5875