https://www.taxtmi.com/acts?id=6488 The rule treated the value of an asset not disclosed in the balance sheet as the taxable basis, prescribing that debts be valued at the amount due (reduced if previously deducted under income-tax), that purchased goodwill and managing-agency rights be valued at the lesser of market value or purchase price, and that any other asset be valued at market value on the valuation date. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 14 Sep 2012 16:45:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6488 The rule treated the value of an asset not disclosed in the balance sheet as the taxable basis, prescribing that debts be valued at the amount due (reduced if previously deducted under income-tax), that purchased goodwill and managing-agency rights be valued at the lesser of market value or purchase price, and that any other asset be valued at market value on the valuation date. Act-Rules Wealth-tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6488