https://www.taxtmi.com/caselaws?id=16868 The court ruled against the Revenue, stating that the Tribunal erred in considering the gifted amount as assessable for wealth-tax. It emphasized the need to rectify the error to prevent the assessee from facing unjust taxation due to conflicting positions taken by the authorities. The court answered in favor of the assessee, stressing the importance of harmonizing law and justice. The cases were decided without costs, and counsel fees were fixed, with the order transmitted to the Tribunal for further action in line with the court's ruling. en-us Tue, 27 Aug 1996 00:00:00 +0530 Sat, 12 Sep 2009 16:41:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16868 The court ruled against the Revenue, stating that the Tribunal erred in considering the gifted amount as assessable for wealth-tax. It emphasized the need to rectify the error to prevent the assessee from facing unjust taxation due to conflicting positions taken by the authorities. The court answered in favor of the assessee, stressing the importance of harmonizing law and justice. The cases were decided without costs, and counsel fees were fixed, with the order transmitted to the Tribunal for further action in line with the court's ruling. Case-Laws Wealth-tax Tue, 27 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16868