https://www.taxtmi.com/caselaws?id=76228 For wealth-tax purposes, compulsory deposits under the Compulsory Deposit Scheme were not exempt as an annuity because the repayments were not fixed periodic payments and retained the character of capital, so the amount was includible in net wealth. A mere claim for income-tax refund was not a taxable asset on the valuation date because it remained unassessed and unquantified, so it was excluded from taxable wealth. For valuing self-occupied property, municipal rateable value could be used as a guide to reasonable rent, with statutory deductions where applicable, instead of standard rent, so the valuation method was upheld. en-us Fri, 16 Jan 2009 00:00:00 +0530 Fri, 14 Nov 2025 15:50:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76228 For wealth-tax purposes, compulsory deposits under the Compulsory Deposit Scheme were not exempt as an annuity because the repayments were not fixed periodic payments and retained the character of capital, so the amount was includible in net wealth. A mere claim for income-tax refund was not a taxable asset on the valuation date because it remained unassessed and unquantified, so it was excluded from taxable wealth. For valuing self-occupied property, municipal rateable value could be used as a guide to reasonable rent, with statutory deductions where applicable, instead of standard rent, so the valuation method was upheld. Case-Laws Wealth-tax Fri, 16 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76228