https://www.taxtmi.com/caselaws?id=9355 Gold-control restrictions extinguished private ownership and possession of primary gold after the transitional period, so wealth-tax could attach only to the surviving enforceable right to receive the sale proceeds or money value, not to the gold itself. Disputed title did not justify treating that surviving right as nil or applying a discount, and the absence of a timely gold-bond claim defeated any exemption claim on that basis. The double-assessment objection remained dependent on final determination of title, while the status objection failed because assessment as an individual was only a clerical error and the assessee had returned as a Hindu undivided family. en-us Thu, 18 Aug 2005 00:00:00 +0530 Mon, 22 Jun 2009 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9355 Gold-control restrictions extinguished private ownership and possession of primary gold after the transitional period, so wealth-tax could attach only to the surviving enforceable right to receive the sale proceeds or money value, not to the gold itself. Disputed title did not justify treating that surviving right as nil or applying a discount, and the absence of a timely gold-bond claim defeated any exemption claim on that basis. The double-assessment objection remained dependent on final determination of title, while the status objection failed because assessment as an individual was only a clerical error and the assessee had returned as a Hindu undivided family. Case-Laws Wealth-tax Thu, 18 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9355