Supreme Court · 1992 INSC 157 · Decided 12 May 1992
R.K. Deo v. Commissioner of Wealth-Tax, ORISSA.
- Court
- Supreme Court of India
- Citation
- 1992 INSC 157 · [1992] 3 S.C.R. 203
- Case number
- CIVIL APPEAL No. 788/1977
- Decided
- 12 May 1992
- Bench
- R.M. SAHAI, A.S. ANAND (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
A v. COMMISSIONER OF WEALTH-TAX, ORISSA. May 12, 1992 [R.M. SAHAI AND A.S. ANAND, JJ.) B ~ Wealth Tax Act, 1957 : Sections 2(m), 66 : Income Tax liability as a deduction from wealth tax-Outstanding on the valuation date for more than 12 months-:-Whether c could be al/owed-Relevant date for towards tax liability which arose on account of bis income from forest brought to tax and upheld by this Court. The Wealth-Tax Officer D • disallowed the claims as the tax payable remained outstanding for more than tWelve months. on the valuation date. On appeal, the Appellate Assis- tant
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