1979 (1) TMI 137 - AT - Wealth-tax

Summary

The Department appealed against the AAC's order directing allowance of income-tax liability of Rs. 89,790. The AAC directed to allow the deduction arising from voluntary disclosure made by the assessee before the CWT. The Tribunal confirmed the AAC's order, stating that the assessee is entitled to the relief as the disclosed wealth was considered in the computation of wealth. The appeal was dismissed. (Case: Appellate Tribunal ITAT GAUHATI, Citation: 1979 (1) TMI 137 - ITAT GAUHATI)