https://www.taxtmi.com/caselaws?id=24900 Amounts written off as bad debts could not be excluded from the firm's assets when computing a partner's interest for wealth-tax purposes. The Tribunal treated the disallowance of the write-off in income-tax proceedings as a final finding of fact, and the claim was also inconsistent with the express valuation rules under the Wealth-tax Rules. The amounts were therefore included as assets of the firm in valuing the assessee's interest, with the issue resolved against the assessee and in favour of the Revenue. en-us Mon, 18 Jan 1988 00:00:00 +0530 Sat, 23 Jan 2010 11:11:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24900 Amounts written off as bad debts could not be excluded from the firm's assets when computing a partner's interest for wealth-tax purposes. The Tribunal treated the disallowance of the write-off in income-tax proceedings as a final finding of fact, and the claim was also inconsistent with the express valuation rules under the Wealth-tax Rules. The amounts were therefore included as assets of the firm in valuing the assessee's interest, with the issue resolved against the assessee and in favour of the Revenue. Case-Laws Wealth-tax Mon, 18 Jan 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24900