1993 (9) TMI 73 - HC - Wealth-tax

Summary

The High Court of Rajasthan rejected the assessee's claim for deduction of income-tax and wealth-tax liabilities for multiple assessment years due to lack of evidence and age of liabilities. The burden of proof was on the assessee to establish the liabilities, and since no evidence was provided, the claim was disallowed. The court ruled in favor of the Department and awarded costs of Rs. 500 in each case.