https://www.taxtmi.com/caselaws?id=354642 The Income Tax Appellate Tribunal's decision was upheld by the court, ruling that the assets were includable in the net wealth of the assessee. The court emphasized that the scope of the remand was limited to valuation and not taxability, and previous decisions against the assessees stood. The matter was remanded for fresh consideration solely on the issue of valuation, with the appeals being partly allowed on this basis. The judgment stressed the importance of adhering to the scope of remand orders and directed a focused evaluation by the Commissioner of Wealth Tax on the valuation matter. en-us Tue, 30 Jan 2018 00:00:00 +0530 Thu, 22 Mar 2018 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354642 The Income Tax Appellate Tribunal's decision was upheld by the court, ruling that the assets were includable in the net wealth of the assessee. The court emphasized that the scope of the remand was limited to valuation and not taxability, and previous decisions against the assessees stood. The matter was remanded for fresh consideration solely on the issue of valuation, with the appeals being partly allowed on this basis. The judgment stressed the importance of adhering to the scope of remand orders and directed a focused evaluation by the Commissioner of Wealth Tax on the valuation matter. Case-Laws Wealth-tax Tue, 30 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354642