https://www.taxtmi.com/caselaws?id=9912 The court ruled in favor of the assessee, upholding the admissibility of the deduction for the loan advanced by the executor of the estate of the deceased. The judgment considered legal interpretations, precedents, and provisions of the Wealth-tax Act, supporting the deduction claim despite the Department's arguments against it. The court also addressed issues related to maintainability of the reference based on the amount involved, Department's estoppel on raising the same issue, and the interpretation of wealth-tax liability in the hands of an executor under section 19A of the Wealth-tax Act. en-us Mon, 05 Sep 2005 00:00:00 +0530 Fri, 03 Jul 2009 09:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9912 The court ruled in favor of the assessee, upholding the admissibility of the deduction for the loan advanced by the executor of the estate of the deceased. The judgment considered legal interpretations, precedents, and provisions of the Wealth-tax Act, supporting the deduction claim despite the Department's arguments against it. The court also addressed issues related to maintainability of the reference based on the amount involved, Department's estoppel on raising the same issue, and the interpretation of wealth-tax liability in the hands of an executor under section 19A of the Wealth-tax Act. Case-Laws Wealth-tax Mon, 05 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9912