https://www.taxtmi.com/caselaws?id=58146 The tribunal ruled in favor of the assessee, holding that the entire addition of Rs. 84,239 should be deleted from the net wealth calculation. The tribunal emphasized that the assessee had the discretion to choose specific assets for exemption, and the liabilities fell within the overall limit specified under section 5(1A). Consequently, the appeal was allowed, and the addition was deemed unjustified. en-us Mon, 09 May 1983 00:00:00 +0530 Fri, 17 Dec 2010 15:55:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58146 The tribunal ruled in favor of the assessee, holding that the entire addition of Rs. 84,239 should be deleted from the net wealth calculation. The tribunal emphasized that the assessee had the discretion to choose specific assets for exemption, and the liabilities fell within the overall limit specified under section 5(1A). Consequently, the appeal was allowed, and the addition was deemed unjustified. Case-Laws Wealth-tax Mon, 09 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58146