https://www.taxtmi.com/caselaws?id=5660 The Supreme Court allowed the appeals in favor of the Revenue, overturning the High Court's decision regarding the right to receive compensation as an asset under the Wealth-tax Act. The Court directed a fresh valuation of the asset, emphasizing the present value and consideration of all relevant aspects. The Wealth-tax Officer was instructed to disregard prior valuations and allow both parties to present their contentions during the valuation process. en-us Wed, 29 Mar 1995 00:00:00 +0530 Wed, 09 Dec 2015 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5660 The Supreme Court allowed the appeals in favor of the Revenue, overturning the High Court's decision regarding the right to receive compensation as an asset under the Wealth-tax Act. The Court directed a fresh valuation of the asset, emphasizing the present value and consideration of all relevant aspects. The Wealth-tax Officer was instructed to disregard prior valuations and allow both parties to present their contentions during the valuation process. Case-Laws Wealth-tax Wed, 29 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5660