https://www.taxtmi.com/caselaws?id=59158 The Tribunal allowed both appeals, ruling in favor of the Executors of the Estate of Late Mrs. Shirin S. Mody. It held that the outstanding tax liabilities arising from self-assessment of Income-tax for the assessment years 1984-85 and 1985-86 were deductible in computing net wealth under section 2(m)(iii) of the Wealth-tax Act. The decision was based on the interpretation of statutory provisions and legal precedents, affirming the tax liabilities as debts owed by the assessee and thus eligible for deduction. en-us Tue, 22 Dec 1992 00:00:00 +0530 Sat, 25 Dec 2010 13:03:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59158 The Tribunal allowed both appeals, ruling in favor of the Executors of the Estate of Late Mrs. Shirin S. Mody. It held that the outstanding tax liabilities arising from self-assessment of Income-tax for the assessment years 1984-85 and 1985-86 were deductible in computing net wealth under section 2(m)(iii) of the Wealth-tax Act. The decision was based on the interpretation of statutory provisions and legal precedents, affirming the tax liabilities as debts owed by the assessee and thus eligible for deduction. Case-Laws Wealth-tax Tue, 22 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59158