https://www.taxtmi.com/caselaws?id=13850 The High Court rejected the reference applications under section 27(3) of the Wealth-tax Act, 1957, as the Tribunal's decision aligning with established legal principles was upheld. The judgment emphasized interpreting tax laws fairly, considering practical implications for taxpayers, especially in cases involving inherited liabilities and seized assets. The legal heir was absolved from responsibility for delayed payments exceeding one year, given the circumstances of the case. en-us Fri, 24 Sep 1999 00:00:00 +0530 Fri, 03 Jul 2009 12:42:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13850 The High Court rejected the reference applications under section 27(3) of the Wealth-tax Act, 1957, as the Tribunal's decision aligning with established legal principles was upheld. The judgment emphasized interpreting tax laws fairly, considering practical implications for taxpayers, especially in cases involving inherited liabilities and seized assets. The legal heir was absolved from responsibility for delayed payments exceeding one year, given the circumstances of the case. Case-Laws Wealth-tax Fri, 24 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13850