https://www.taxtmi.com/caselaws?id=20562 The court upheld the decision of the assessing and appellate authorities regarding the wealth-tax assessment on a company's assets, rejecting the company's argument that part of the property should be considered stock-in-trade. The Income-tax Appellate Tribunal dismissed the company's stay petition, emphasizing the need to address the demand's validity during the appellate proceedings. Applying legal principles from a Supreme Court case, the court found that the company failed to establish a prima facie case for granting a stay, leading to the dismissal of the company's writ petition and writ miscellaneous petition. en-us Mon, 13 Sep 1993 00:00:00 +0530 Sat, 14 Nov 2009 16:52:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20562 The court upheld the decision of the assessing and appellate authorities regarding the wealth-tax assessment on a company's assets, rejecting the company's argument that part of the property should be considered stock-in-trade. The Income-tax Appellate Tribunal dismissed the company's stay petition, emphasizing the need to address the demand's validity during the appellate proceedings. Applying legal principles from a Supreme Court case, the court found that the company failed to establish a prima facie case for granting a stay, leading to the dismissal of the company's writ petition and writ miscellaneous petition. Case-Laws Income Tax Mon, 13 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20562