https://www.taxtmi.com/caselaws?id=8783 The court ruled in favor of the assessee, directing the Tribunal to reevaluate the deduction claim for income tax liabilities for each year based on the status of outstanding liabilities not disputed by the assessee on the valuation date. The court emphasized the need for a detailed examination of each year's tax liabilities to determine the allowable deductions. en-us Tue, 29 Aug 1972 00:00:00 +0530 Thu, 04 Jun 2009 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8783 The court ruled in favor of the assessee, directing the Tribunal to reevaluate the deduction claim for income tax liabilities for each year based on the status of outstanding liabilities not disputed by the assessee on the valuation date. The court emphasized the need for a detailed examination of each year's tax liabilities to determine the allowable deductions. Case-Laws Wealth-tax Tue, 29 Aug 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8783