https://www.taxtmi.com/caselaws?id=7136 Reassessment under section 17(1)(b) of the Wealth-tax Act can be triggered by information derived from a judicial decision, because "information" is broad enough to include the correct legal position emerging from case law. The note also states that unpaid compensation instalments payable under the Madhya Bharat Abolition of Jagirs Act, 1951 after the valuation date form a present debt arising from an existing obligation; since the right to receive had already accrued, the unpaid amounts were treated as assets includible in net wealth, without requiring market valuation as ordinary property under section 7. en-us Mon, 27 Nov 1967 00:00:00 +0530 Wed, 11 Feb 2009 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7136 Reassessment under section 17(1)(b) of the Wealth-tax Act can be triggered by information derived from a judicial decision, because "information" is broad enough to include the correct legal position emerging from case law. The note also states that unpaid compensation instalments payable under the Madhya Bharat Abolition of Jagirs Act, 1951 after the valuation date form a present debt arising from an existing obligation; since the right to receive had already accrued, the unpaid amounts were treated as assets includible in net wealth, without requiring market valuation as ordinary property under section 7. Case-Laws Wealth-tax Mon, 27 Nov 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7136