https://www.taxtmi.com/caselaws?id=276536 The court held that the value of depreciable assets in the balance-sheet should not be adjusted based on the written down value from income-tax records. It also allowed the estimated value of contingent liability for gratuity as a deduction in computing the net wealth of the assessee. Each party was directed to bear its own costs. en-us Tue, 27 Oct 1964 00:00:00 +0530 Tue, 13 Nov 2018 14:55:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276536 The court held that the value of depreciable assets in the balance-sheet should not be adjusted based on the written down value from income-tax records. It also allowed the estimated value of contingent liability for gratuity as a deduction in computing the net wealth of the assessee. Each party was directed to bear its own costs. Case-Laws Wealth-tax Tue, 27 Oct 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276536