https://www.taxtmi.com/caselaws?id=18472 The High Court of Allahabad upheld the Income-tax Appellate Tribunal's decision on fair market value of assets for wealth tax assessment, denying deduction for estimated notional capital gains tax. The Tribunal's ruling, supported by a previous case and affirmed by the Supreme Court, favored the Revenue over the assessee. en-us Fri, 19 Jan 1996 00:00:00 +0530 Thu, 01 Oct 2009 12:00:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18472 The High Court of Allahabad upheld the Income-tax Appellate Tribunal's decision on fair market value of assets for wealth tax assessment, denying deduction for estimated notional capital gains tax. The Tribunal's ruling, supported by a previous case and affirmed by the Supreme Court, favored the Revenue over the assessee. Case-Laws Wealth-tax Fri, 19 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18472