https://www.taxtmi.com/caselaws?id=276535 The court allowed the deduction of taxation liability in net wealth assessment, rejected the deduction of accrued liability for gratuity based on specific conditions, found no need for adjustments in balance-sheet for depreciable assets, and did not address the liability for proposed dividends. The respondent was ordered to pay costs to the Commissioner of Wealth-tax. en-us Thu, 18 Oct 1962 00:00:00 +0530 Tue, 13 Nov 2018 14:50:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276535 The court allowed the deduction of taxation liability in net wealth assessment, rejected the deduction of accrued liability for gratuity based on specific conditions, found no need for adjustments in balance-sheet for depreciable assets, and did not address the liability for proposed dividends. The respondent was ordered to pay costs to the Commissioner of Wealth-tax. Case-Laws Income Tax Thu, 18 Oct 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276535