https://www.taxtmi.com/caselaws?id=55836 The appellate tribunal deleted the additions of a prize amount in the assessee's income and net wealth for the assessment years 1969-70 and 1974-75. The tribunal found that there was insufficient evidence to establish the actual receipt of the prize amount by the assessee, leading to the removal of the additions. Additionally, the tribunal allowed the deduction of liability for agricultural lands, considering the disparity between the loan amount and the investment in agricultural land. The appeals were partly allowed in favor of the assessee. en-us Fri, 24 Jul 1981 00:00:00 +0530 Tue, 30 Nov 2010 13:22:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55836 The appellate tribunal deleted the additions of a prize amount in the assessee's income and net wealth for the assessment years 1969-70 and 1974-75. The tribunal found that there was insufficient evidence to establish the actual receipt of the prize amount by the assessee, leading to the removal of the additions. Additionally, the tribunal allowed the deduction of liability for agricultural lands, considering the disparity between the loan amount and the investment in agricultural land. The appeals were partly allowed in favor of the assessee. Case-Laws Wealth-tax Fri, 24 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55836