https://www.taxtmi.com/caselaws?id=66652 An unregistered arbitration award and the decree founded on it could not validly transfer immovable property rights worth above the registration threshold, so they could not be relied on to exclude the Raj Mohalla property from the assessee's net wealth. The daughters were entitled only to the undivided shares reflected in the award, and the assessee's return was incorrect to the extent it omitted the includible share of that property. On that basis, the revisionary authority was justified in treating the original wealth-tax assessments as erroneous and prejudicial to the interests of revenue and in directing fresh assessments. en-us Mon, 29 Dec 1986 00:00:00 +0530 Sat, 05 Mar 2011 13:46:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66652 An unregistered arbitration award and the decree founded on it could not validly transfer immovable property rights worth above the registration threshold, so they could not be relied on to exclude the Raj Mohalla property from the assessee's net wealth. The daughters were entitled only to the undivided shares reflected in the award, and the assessee's return was incorrect to the extent it omitted the includible share of that property. On that basis, the revisionary authority was justified in treating the original wealth-tax assessments as erroneous and prejudicial to the interests of revenue and in directing fresh assessments. Case-Laws Wealth-tax Mon, 29 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66652