Case Laws
Acts
Notifications
Circulars
Classification
Forms
Manuals
Articles
News
D. Forum
Highlights
Notes
🚨 Important Update for Our Users
We are transitioning to our new and improved portal - www.taxtmi.com - for a better experience.
⚠️ This portal will be discontinued soon
Home
The High Court of Bombay addressed questions under the Wealth-tax Act, 1957, regarding valuation of shares and treatment of liabilities. The court ruled in favor of the assessee on valuation issues based on previous court decisions. The question raised by the Commissioner was also answered in favor of the assessee based on a previous court decision. No costs were awarded.
|