https://www.taxtmi.com/caselaws?id=58061 The Appellate Tribunal allowed the appeal for the assessment year 1977-78 and partly allowed the appeals for the assessment years 1973-74 to 1976-77. The Tribunal held that advance tax should be deducted in determining the value of unquoted equity shares, reversing the AAC's decision. Regarding the challenge to the reopening of assessment under section 17 of the Wealth-tax Act, the Tribunal directed the AAC to verify the grounds of appeal and deal with them in accordance with the law. en-us Tue, 12 Aug 1986 00:00:00 +0530 Fri, 17 Dec 2010 11:33:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58061 The Appellate Tribunal allowed the appeal for the assessment year 1977-78 and partly allowed the appeals for the assessment years 1973-74 to 1976-77. The Tribunal held that advance tax should be deducted in determining the value of unquoted equity shares, reversing the AAC's decision. Regarding the challenge to the reopening of assessment under section 17 of the Wealth-tax Act, the Tribunal directed the AAC to verify the grounds of appeal and deal with them in accordance with the law. Case-Laws Wealth-tax Tue, 12 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58061