https://www.taxtmi.com/caselaws?id=8512 The court held that the sum of Rs. 58,62,248, representing certain assets, was not includible in the assessee's net wealth for the assessment year 1957-58. However, the value of the intangible right of the assessee's claim to the assets was includible. Additionally, the value of Rs. 4,81,681, related to debentures and shares, was deemed includible in the assessee's net wealth for the same assessment year. The parties were directed to bear their own costs in this matter. en-us Mon, 19 Jul 1971 00:00:00 +0530 Mon, 27 Apr 2009 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8512 The court held that the sum of Rs. 58,62,248, representing certain assets, was not includible in the assessee's net wealth for the assessment year 1957-58. However, the value of the intangible right of the assessee's claim to the assets was includible. Additionally, the value of Rs. 4,81,681, related to debentures and shares, was deemed includible in the assessee's net wealth for the same assessment year. The parties were directed to bear their own costs in this matter. Case-Laws Wealth-tax Mon, 19 Jul 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8512