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Net wealth not to include forfeited assets despite pendency of appeal on valuation date
Case Law Details
- Case Name
- Wealth Tax Officer Vs Lallubhai Jogibhai Patel (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Gujarat High Court
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HIGH COURT OF GUJARAT
Wealth Tax Officer
versus
Lallubhai Jogibhai Patel
TAX APPEAL NOS. 179, 180 & 182 OF 2000
SEPTEMBER 4, 2012
JUDGMENT
Harsha Devani, J.
Since all these appeals arise out of a common order dated 15.12.1999 passed by the Income-tax Appellate Tribunal (hereinafter referred to as “the Tribunal”) and controversy involved in all the appeals is also common, the same were taken up for hearing together and are disposed of by this common judgment.
2. The assessment years are 1984-85, 1985-86, 1988-89 and 1989-90. Briefly stated the facts of the case are that silve...


