https://www.taxtmi.com/caselaws?id=60189 The Tribunal allowed the appeal by Shri Krishna Nand Garg-HUF, granting the deduction of wealth-tax liability amounting to Rs. 52,427 for the assessment year 1975-76. The Tribunal found that the wealth-tax liability was not outstanding for more than 12 months on the valuation date of 31st Dec, 1974, as claimed by the tax authorities, and supported its decision with a ruling from the Allahabad High Court. en-us Thu, 29 Jan 1981 00:00:00 +0530 Tue, 04 Jan 2011 11:53:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60189 The Tribunal allowed the appeal by Shri Krishna Nand Garg-HUF, granting the deduction of wealth-tax liability amounting to Rs. 52,427 for the assessment year 1975-76. The Tribunal found that the wealth-tax liability was not outstanding for more than 12 months on the valuation date of 31st Dec, 1974, as claimed by the tax authorities, and supported its decision with a ruling from the Allahabad High Court. Case-Laws Wealth-tax Thu, 29 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60189