https://www.taxtmi.com/caselaws?id=6196 The court ruled that the payments to the assessee under trust deeds did not qualify as annuities under the Wealth-tax Act, as they were shares of income, not fixed sums. Consequently, these payments were included in the assessee's net wealth. However, the court exempted the value of jewellery owned by the assessee from wealth tax under section 5(1)(viii) as it was intended for personal use. The appeals were dismissed, with no costs awarded. en-us Wed, 25 Feb 1970 00:00:00 +0530 Wed, 03 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6196 The court ruled that the payments to the assessee under trust deeds did not qualify as annuities under the Wealth-tax Act, as they were shares of income, not fixed sums. Consequently, these payments were included in the assessee's net wealth. However, the court exempted the value of jewellery owned by the assessee from wealth tax under section 5(1)(viii) as it was intended for personal use. The appeals were dismissed, with no costs awarded. Case-Laws Wealth-tax Wed, 25 Feb 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6196