https://www.taxtmi.com/caselaws?id=58541 The Tribunal concluded that advance tax paid should not be deducted from the provision for taxation in the balance sheet for the purpose of computing the market value of unquoted equity shares. The Tribunal upheld the decision that the provision for taxation should be the full amount shown in the balance sheet without adjusting for advance tax paid, dismissing the revenue's appeal. en-us Mon, 09 May 1983 00:00:00 +0530 Mon, 20 Dec 2010 15:19:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58541 The Tribunal concluded that advance tax paid should not be deducted from the provision for taxation in the balance sheet for the purpose of computing the market value of unquoted equity shares. The Tribunal upheld the decision that the provision for taxation should be the full amount shown in the balance sheet without adjusting for advance tax paid, dismissing the revenue's appeal. Case-Laws Wealth-tax Mon, 09 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58541