https://www.taxtmi.com/caselaws?id=8085 The High Court held that the enhanced value of assets from a 1948 revaluation should be considered in determining net wealth, with depreciation allowed on this value in subsequent years. Additionally, a provision for tax liability can be deducted in computing net wealth as a present liability. The court's decision was based on legal principles and previous court rulings, providing a comprehensive analysis of the issues raised in the case. en-us Wed, 29 Apr 1970 00:00:00 +0530 Sat, 28 Mar 2009 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8085 The High Court held that the enhanced value of assets from a 1948 revaluation should be considered in determining net wealth, with depreciation allowed on this value in subsequent years. Additionally, a provision for tax liability can be deducted in computing net wealth as a present liability. The court's decision was based on legal principles and previous court rulings, providing a comprehensive analysis of the issues raised in the case. Case-Laws Wealth-tax Wed, 29 Apr 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8085