https://www.taxtmi.com/caselaws?id=59140 The Appellate Tribunal, ITAT BOMBAY-E, rectified its previous decision and held that outstanding remuneration and annuities receivable by a leading film actor for assessment years 1975-76 and 1976-77 should be assessable for wealth tax purposes. The Tribunal acknowledged the error in its earlier ruling and directed the matter back to the CWT (A) for determination of the additions. The decision emphasized the importance of following Supreme Court precedents and ensuring accurate assessment of assets. en-us Sun, 11 Jan 1987 00:00:00 +0530 Mon, 27 Dec 2010 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59140 The Appellate Tribunal, ITAT BOMBAY-E, rectified its previous decision and held that outstanding remuneration and annuities receivable by a leading film actor for assessment years 1975-76 and 1976-77 should be assessable for wealth tax purposes. The Tribunal acknowledged the error in its earlier ruling and directed the matter back to the CWT (A) for determination of the additions. The decision emphasized the importance of following Supreme Court precedents and ensuring accurate assessment of assets. Case-Laws Income Tax Sun, 11 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59140