https://www.taxtmi.com/caselaws?id=60066 The tribunal ruled that in reassessment proceedings, an assessee can claim deductions not initially made but cannot claim deductions rejected in the original assessment. The valuation of preference shares was upheld as final. Interest under specific sections was held deductible in computing net wealth if existing and payable. The tribunal supported re-examining interest in a partnership firm based on concrete evidence. The appeals were disposed of, affirming some decisions, rejecting others, and providing directions for further examination where necessary. en-us Fri, 20 Mar 1992 00:00:00 +0530 Mon, 03 Jan 2011 15:43:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60066 The tribunal ruled that in reassessment proceedings, an assessee can claim deductions not initially made but cannot claim deductions rejected in the original assessment. The valuation of preference shares was upheld as final. Interest under specific sections was held deductible in computing net wealth if existing and payable. The tribunal supported re-examining interest in a partnership firm based on concrete evidence. The appeals were disposed of, affirming some decisions, rejecting others, and providing directions for further examination where necessary. Case-Laws Wealth-tax Fri, 20 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60066