https://www.taxtmi.com/caselaws?id=71161 Shares in a nationalised colliery company may be valued at nil for wealth-tax purposes where compensation is uncertain or unpaid and the shares therefore have no presently ascertainable market value. On those facts, book value adopted by the Wealth-tax Officer was not sustainable, especially where the same family's shares had already been treated as nil in another assessment and no basis was shown to depart from that approach. The nil valuation was upheld and the departmental addition was not restored. en-us Wed, 21 Nov 1979 00:00:00 +0530 Thu, 21 Apr 2011 16:29:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71161 Shares in a nationalised colliery company may be valued at nil for wealth-tax purposes where compensation is uncertain or unpaid and the shares therefore have no presently ascertainable market value. On those facts, book value adopted by the Wealth-tax Officer was not sustainable, especially where the same family's shares had already been treated as nil in another assessment and no basis was shown to depart from that approach. The nil valuation was upheld and the departmental addition was not restored. Case-Laws Wealth-tax Wed, 21 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71161