https://www.taxtmi.com/caselaws?id=49296 The court affirmed the valuation of assets as per the balance-sheet for Wealth-tax purposes, rejected the deductibility of proposed dividend in computing net wealth, and allowed the provision for income-tax and super-tax as a debt owed. The separate judgment disagreed on the tax liability timing, but the majority decision prevailed. The High Court's order was modified accordingly, with each party bearing their own costs. en-us Wed, 24 Nov 1965 00:00:00 +0530 Tue, 19 Aug 2014 19:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49296 The court affirmed the valuation of assets as per the balance-sheet for Wealth-tax purposes, rejected the deductibility of proposed dividend in computing net wealth, and allowed the provision for income-tax and super-tax as a debt owed. The separate judgment disagreed on the tax liability timing, but the majority decision prevailed. The High Court's order was modified accordingly, with each party bearing their own costs. Case-Laws Wealth-tax Wed, 24 Nov 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49296