https://www.taxtmi.com/caselaws?id=70949 The Tribunal partly allowed all six appeals of the assessee. It held that the right to receive compensation for land acquisition is includible in the net wealth of the assessee for wealth-tax purposes, even if the quantification is in dispute. The Tribunal directed the valuation of the right to receive compensation at 60% of the additional compensation, with a 40% discount. It also ruled that the right to receive compensation, even if unvalued under specific rules, is includible in the wealth of the assessee. However, interest on the compensation was excluded as an asset chargeable to wealth-tax for the relevant years. The matter of other assets was remanded for further verification. en-us Mon, 31 Jan 2005 00:00:00 +0530 Wed, 20 Apr 2011 12:43:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70949 The Tribunal partly allowed all six appeals of the assessee. It held that the right to receive compensation for land acquisition is includible in the net wealth of the assessee for wealth-tax purposes, even if the quantification is in dispute. The Tribunal directed the valuation of the right to receive compensation at 60% of the additional compensation, with a 40% discount. It also ruled that the right to receive compensation, even if unvalued under specific rules, is includible in the wealth of the assessee. However, interest on the compensation was excluded as an asset chargeable to wealth-tax for the relevant years. The matter of other assets was remanded for further verification. Case-Laws Wealth-tax Mon, 31 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70949