https://www.taxtmi.com/caselaws?id=63097 Silver coins preserved by an assessee family as heirlooms and not intended for sale were treated as collections with archaeological value, so they fell within the exemption for works of art, archaeological collections, or art collections under section 5(1)(xii) of the Wealth-tax Act, 1957. The fact that the coins were machine-made did not defeat the exemption, because they were first issues from the mint dating back to the Queen Victoria era and had been retained generation after generation as family collections. They were therefore excluded from inclusion in net wealth. en-us Sat, 02 Feb 1980 00:00:00 +0530 Thu, 27 Jan 2011 17:55:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63097 Silver coins preserved by an assessee family as heirlooms and not intended for sale were treated as collections with archaeological value, so they fell within the exemption for works of art, archaeological collections, or art collections under section 5(1)(xii) of the Wealth-tax Act, 1957. The fact that the coins were machine-made did not defeat the exemption, because they were first issues from the mint dating back to the Queen Victoria era and had been retained generation after generation as family collections. They were therefore excluded from inclusion in net wealth. Case-Laws Wealth-tax Sat, 02 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63097