https://www.taxtmi.com/caselaws?id=27170 The judgment involved a reference under section 27(1) of the Wealth Tax Act, 1957 regarding the inclusion of income of Crown Flour Mills in the net wealth of the assessee company for the assessment year 1958-59. The Tribunal decided that the income of Crown Flour Mills should be included in the net wealth of the assessee company as there was no valid transfer of assets through a sale deed, and previous decisions in income-tax assessments do not bind wealth-tax assessments. The outcome favored the Department, ruling against the assessee with no order as to costs. en-us Fri, 17 Feb 1984 00:00:00 +0530 Thu, 11 Feb 2010 12:31:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27170 The judgment involved a reference under section 27(1) of the Wealth Tax Act, 1957 regarding the inclusion of income of Crown Flour Mills in the net wealth of the assessee company for the assessment year 1958-59. The Tribunal decided that the income of Crown Flour Mills should be included in the net wealth of the assessee company as there was no valid transfer of assets through a sale deed, and previous decisions in income-tax assessments do not bind wealth-tax assessments. The outcome favored the Department, ruling against the assessee with no order as to costs. Case-Laws Wealth-tax Fri, 17 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27170