https://www.taxtmi.com/caselaws?id=327860 The court held that the property at 8 and 9 Zamrudpur should be included in the net wealth of the Assessee for AYs 1989-90, 1990-91, and 1991-92. However, for AYs 1985-86 and 1992-93, the appeals were decided in favor of the Assessee based on the principle of consistency and the specific use of the property. The court emphasized that possession and control of the property indicated ownership, leading to different outcomes for the various assessment years. en-us Mon, 16 May 2016 00:00:00 +0530 Thu, 17 Nov 2016 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327860 The court held that the property at 8 and 9 Zamrudpur should be included in the net wealth of the Assessee for AYs 1989-90, 1990-91, and 1991-92. However, for AYs 1985-86 and 1992-93, the appeals were decided in favor of the Assessee based on the principle of consistency and the specific use of the property. The court emphasized that possession and control of the property indicated ownership, leading to different outcomes for the various assessment years. Case-Laws Wealth-tax Mon, 16 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327860