https://www.taxtmi.com/caselaws?id=56150 The Tribunal allowed the ground that assessments were barred by limitation, rejected grounds related to non-deduction of liabilities and validity of reference to the Valuation Officer, and partially allowed appeals on the penalty levy under section 18(1)(a) by canceling the penalty for the period corresponding to the delay in filing income-tax returns. en-us Tue, 31 Oct 1995 00:00:00 +0530 Wed, 01 Dec 2010 18:48:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56150 The Tribunal allowed the ground that assessments were barred by limitation, rejected grounds related to non-deduction of liabilities and validity of reference to the Valuation Officer, and partially allowed appeals on the penalty levy under section 18(1)(a) by canceling the penalty for the period corresponding to the delay in filing income-tax returns. Case-Laws Income Tax Tue, 31 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56150