https://www.taxtmi.com/caselaws?id=8738 Deduction in net wealth computation was confined to tax finally determined on assessment, not the lower amount shown on the return, because only the assessed liability reflected the actual tax payable. On succession under section 6 of the Hindu Succession Act, 1956, a deceased coparcener's interest was notionally partitioned immediately before death and devolved on the heirs in defined shares; thereafter the heirs and the Hindu undivided family held the property as tenants-in-common. Only the assessee's actual share in the joint family assets, including jewellery, could be included in net wealth, and the excluded share was not assessable. en-us Tue, 27 Jun 1972 00:00:00 +0530 Wed, 03 Jun 2009 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8738 Deduction in net wealth computation was confined to tax finally determined on assessment, not the lower amount shown on the return, because only the assessed liability reflected the actual tax payable. On succession under section 6 of the Hindu Succession Act, 1956, a deceased coparcener's interest was notionally partitioned immediately before death and devolved on the heirs in defined shares; thereafter the heirs and the Hindu undivided family held the property as tenants-in-common. Only the assessee's actual share in the joint family assets, including jewellery, could be included in net wealth, and the excluded share was not assessable. Case-Laws Wealth-tax Tue, 27 Jun 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8738