1984 (8) TMI 140 - AT - Wealth-tax

Summary

The Appellate Tribunal ITAT Jaipur allowed the appeals of four parties from the same group regarding the deduction as an Industrial undertaking under the Wealth Tax Act for the assessment year 1977-78. The Tribunal held that the order withdrawing the claim allowed by the predecessor WTO was erroneous, relying on a judgment of the M.P. High Court. The appeals were allowed.