https://www.taxtmi.com/caselaws?id=350335 The Tribunal ruled in favor of the appellant, holding that advances paid for the purchase of plots should not be considered as part of the net wealth for wealth tax assessment. The Tribunal found that such advances did not fall within the definition of taxable assets under the Wealth Tax Act and, therefore, set aside the lower authorities' orders, allowing the appeal of the assessee. en-us Wed, 21 Jun 2017 00:00:00 +0530 Sat, 04 Nov 2017 08:34:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350335 The Tribunal ruled in favor of the appellant, holding that advances paid for the purchase of plots should not be considered as part of the net wealth for wealth tax assessment. The Tribunal found that such advances did not fall within the definition of taxable assets under the Wealth Tax Act and, therefore, set aside the lower authorities' orders, allowing the appeal of the assessee. Case-Laws Wealth-tax Wed, 21 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350335