1984 (10) TMI 62 - AT - Wealth-tax

Summary

The assessee claimed deduction of income-tax liabilities for asst. yrs. 1974-75 and 1975-76. WTO disallowed claim, AAC allowed it. Department appealed, arguing liabilities were over a year old. ITAT held liabilities not disallowed as no orders determining them on valuation date. Appeal dismissed.