https://www.taxtmi.com/caselaws?id=59740 In Appeal No. 728, the adjustment made by the Assessing Officer under section 16(1) of the Wealth Tax Act was deleted by the Tribunal. In Appeal No. 884, the Tribunal directed the AO to allow liabilities on a pro-rata basis and confirmed the inclusion of a residential flat in the net wealth. Additionally, in Appeal No. 47, the issue of excluding the value of a residential house occupied by an employee from the net wealth was referred back to the AO for further examination. en-us Tue, 01 Jul 2003 00:00:00 +0530 Sun, 06 Feb 2011 05:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59740 In Appeal No. 728, the adjustment made by the Assessing Officer under section 16(1) of the Wealth Tax Act was deleted by the Tribunal. In Appeal No. 884, the Tribunal directed the AO to allow liabilities on a pro-rata basis and confirmed the inclusion of a residential flat in the net wealth. Additionally, in Appeal No. 47, the issue of excluding the value of a residential house occupied by an employee from the net wealth was referred back to the AO for further examination. Case-Laws Wealth-tax Tue, 01 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59740