Supreme Court · 1983 INSC 157 · Decided 21 October 1983
Commissioner of Wealth Tax Gujarat, Ahmedabad v. Vadilal Lallubhai ETC.
- Court
- Supreme Court of India
- Citation
- 1983 INSC 157 · [1984] 1 S.C.R. 485
- Case number
- CIVIL APPEAL No. 1524/1973
- Decided
- 21 October 1983
- Bench
- R.S. PATHAK, E.S. VENKATARAMIAH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
! COMMISSIONER OF WEALTH TAX; GUJARAT, AHMEDABAD v. Vl\DILAL LALLUBHAI ETC. October !11, 1983 [R.S. PATHAK AND E.S. VBNKATARAM!AH, 11.I 485 Wealth Tax Act, 1957-sec. 2(n-1)-D!finition of 'net wealth'-ln~er· pretation of. Income tax, wealth tax and gift ·tax liabilities are debts on we_alth claimed a deduction in respect of debts which included amounts representing estimated liabilities on account of income tax, wealth tax and gift tax'. The Wealth -Tax Officer rejec­ ted the claim on the ground that as those Habilities wei:e claimed on the basis of an estimate they
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