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2018 (3) TMI 488 - HC - Wealth-taxAddition to net wealth - cash seized from the Assessee and kept in PD account of the Commissioner of Income Tax cannot be considered as 'cash-in-hand' in the hands of the Assessee for computation of his net wealth under Wealth Tax Act, 1957 - Held that:- Once it has held that amount deposited in a Bank in PD Account of the Commissioner of Income Tax, is not cash in hand, but cash in bank, then it cannot be added to the net wealth of the Respondent. Therefore, in view of the Apex Court's decision in KCC Software Ltd. (2008 (1) TMI 12 - Supreme Court of India) the view taken by the Tribunal in the impugned order does not give rise to any substantial question of law.
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