https://www.taxtmi.com/caselaws?id=24733 The High Court ruled in favor of the assessee, holding that additional wealth-tax was not chargeable on the urban assets of the firms in which the assessee had an interest. The Court upheld the Tribunal's decision to set aside the Commissioner's order, finding no basis for the alleged errors in valuation and the inclusion of additional wealth-tax on urban assets. The assessee was awarded costs of the reference amounting to Rs. 200. en-us Thu, 19 May 1988 00:00:00 +0530 Fri, 22 Jan 2010 10:38:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24733 The High Court ruled in favor of the assessee, holding that additional wealth-tax was not chargeable on the urban assets of the firms in which the assessee had an interest. The Court upheld the Tribunal's decision to set aside the Commissioner's order, finding no basis for the alleged errors in valuation and the inclusion of additional wealth-tax on urban assets. The assessee was awarded costs of the reference amounting to Rs. 200. Case-Laws Wealth-tax Thu, 19 May 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24733