https://www.taxtmi.com/caselaws?id=63882 The tribunal determined that the right to exploit a film is considered property but does not qualify as an asset for valuation under section 7(2)(a) of the Wealth-tax Act. The Wealth-tax Officer's inclusion of the value of unexploited film rights in the net wealth of the firm and its partners was deemed improper. Therefore, the appeals were rejected, affirming the decision of the Appellate Assistant Commissioner. en-us Mon, 16 May 1983 00:00:00 +0530 Wed, 02 Feb 2011 15:40:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63882 The tribunal determined that the right to exploit a film is considered property but does not qualify as an asset for valuation under section 7(2)(a) of the Wealth-tax Act. The Wealth-tax Officer's inclusion of the value of unexploited film rights in the net wealth of the firm and its partners was deemed improper. Therefore, the appeals were rejected, affirming the decision of the Appellate Assistant Commissioner. Case-Laws Wealth-tax Mon, 16 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63882