https://www.taxtmi.com/caselaws?id=9946 The Tribunal upheld the Commissioner's valuation of a ticket of the Delhi Stock Exchange for wealth-tax assessment, dismissing the Revenue's appeal due to the ticket's non-transferable nature. The Tribunal also rejected the assessee's appeal against the Commissioner's orders, citing significant delays and emphasizing the finality of decisions. The judgment underscored the importance of complying with legal timelines, stating that ignorance of law or seeking recourse based on subsequent observations cannot justify condonation of delay to avoid prolonged litigation. en-us Tue, 02 May 2006 00:00:00 +0530 Fri, 03 Jul 2009 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9946 The Tribunal upheld the Commissioner's valuation of a ticket of the Delhi Stock Exchange for wealth-tax assessment, dismissing the Revenue's appeal due to the ticket's non-transferable nature. The Tribunal also rejected the assessee's appeal against the Commissioner's orders, citing significant delays and emphasizing the finality of decisions. The judgment underscored the importance of complying with legal timelines, stating that ignorance of law or seeking recourse based on subsequent observations cannot justify condonation of delay to avoid prolonged litigation. Case-Laws Wealth-tax Tue, 02 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9946