https://www.taxtmi.com/caselaws?id=56888 The ITAT allowed the appeals, ruling in favor of the ex-Raja regarding the treatment of loans as bad debts for income-tax deductions and exclusion from net wealth assessments. The ITAT concluded that only the recoverable amount should be considered as an asset for net wealth, excluding the full outstanding amounts added by Revenue authorities. en-us Sat, 19 Jan 1980 00:00:00 +0530 Tue, 07 Dec 2010 12:39:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56888 The ITAT allowed the appeals, ruling in favor of the ex-Raja regarding the treatment of loans as bad debts for income-tax deductions and exclusion from net wealth assessments. The ITAT concluded that only the recoverable amount should be considered as an asset for net wealth, excluding the full outstanding amounts added by Revenue authorities. Case-Laws Wealth-tax Sat, 19 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56888