https://www.taxtmi.com/caselaws?id=70440 The Tribunal held that the Potu Mirasi right is not considered an asset under the Wealth-tax Act as it is hereditary and non-transferable, thus not qualifying as a saleable asset. Consequently, the Potu Mirasi right was not included in the net wealth of the assessee for the assessment years in question. The appeals filed by the assessee were allowed, and the value of the Potu Mirasi right was not brought to charge in the hands of the assessee. en-us Fri, 21 Apr 1995 00:00:00 +0530 Sat, 16 Apr 2011 11:34:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70440 The Tribunal held that the Potu Mirasi right is not considered an asset under the Wealth-tax Act as it is hereditary and non-transferable, thus not qualifying as a saleable asset. Consequently, the Potu Mirasi right was not included in the net wealth of the assessee for the assessment years in question. The appeals filed by the assessee were allowed, and the value of the Potu Mirasi right was not brought to charge in the hands of the assessee. Case-Laws Wealth-tax Fri, 21 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70440