https://www.taxtmi.com/caselaws?id=22674 The High Court of Allahabad ruled in favor of the Revenue, holding that the assessee was not entitled to deduction of notional capital gains tax under section 27(1) of the Wealth-tax Act, 1957. The decision was based on the precedent set in Bharat Hari Singhania v. CWT [1979] 119 ITR 258 (All). en-us Mon, 19 Nov 1990 00:00:00 +0530 Sat, 12 Dec 2009 12:35:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22674 The High Court of Allahabad ruled in favor of the Revenue, holding that the assessee was not entitled to deduction of notional capital gains tax under section 27(1) of the Wealth-tax Act, 1957. The decision was based on the precedent set in Bharat Hari Singhania v. CWT [1979] 119 ITR 258 (All). Case-Laws Wealth-tax Mon, 19 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22674