https://www.taxtmi.com/caselaws?id=23189 The High Court held that outstanding professional fees are to be considered as an asset for wealth tax assessment. The court allowed the assessee to pursue an alternative claim regarding income-tax liability and bad debts, directing a reevaluation of this claim based on the existing record or additional evidence before the Tribunal. The judgment did not award any costs. en-us Mon, 11 Jun 1990 00:00:00 +0530 Thu, 17 Dec 2009 13:03:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23189 The High Court held that outstanding professional fees are to be considered as an asset for wealth tax assessment. The court allowed the assessee to pursue an alternative claim regarding income-tax liability and bad debts, directing a reevaluation of this claim based on the existing record or additional evidence before the Tribunal. The judgment did not award any costs. Case-Laws Wealth-tax Mon, 11 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23189