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The ITAT Cochin allowed the appeal in part, revising the Wealth-tax assessment for M/s. George & Bros. The deduction of Rs.1,62,864 and half of Rs.1,55,762 was allowed, resulting in a revised net wealth of Rs.3,60,150.
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The ITAT Cochin allowed the appeal in part, revising the Wealth-tax assessment for M/s. George & Bros. The deduction of Rs.1,62,864 and half of Rs.1,55,762 was allowed, resulting in a revised net wealth of Rs.3,60,150.
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