https://www.taxtmi.com/caselaws?id=59128 The Tribunal allowed the appeal, overturning the decision of the Appellate Assistant Commissioner and holding in favor of the assessee regarding the deduction of liabilities against the value of shares, based on the apportionment principle and the binding nature of circulars issued by the Central Board of Direct Taxes. en-us Thu, 14 May 1987 00:00:00 +0530 Sat, 25 Dec 2010 11:53:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59128 The Tribunal allowed the appeal, overturning the decision of the Appellate Assistant Commissioner and holding in favor of the assessee regarding the deduction of liabilities against the value of shares, based on the apportionment principle and the binding nature of circulars issued by the Central Board of Direct Taxes. Case-Laws Wealth-tax Thu, 14 May 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59128