https://www.taxtmi.com/caselaws?id=9363 Deposits made by assessees under the Compulsory Deposit Scheme, 1974 were treated as includible assets in net wealth under the Wealth-tax Act, 1957. The statutory exclusion for a right to an annuity applied only where the annuity was not purchased by the assessee or another person under a contract with the assessee and where commutation into a lump sum was barred. Because the deposits were self-created by the assessees, they did not fall within that exclusion even if the payments were periodic and fixed. The earlier version of section 2(e)(1)(iv) was held inapplicable to the relevant assessment years. en-us Wed, 22 Dec 2004 00:00:00 +0530 Mon, 22 Jun 2009 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9363 Deposits made by assessees under the Compulsory Deposit Scheme, 1974 were treated as includible assets in net wealth under the Wealth-tax Act, 1957. The statutory exclusion for a right to an annuity applied only where the annuity was not purchased by the assessee or another person under a contract with the assessee and where commutation into a lump sum was barred. Because the deposits were self-created by the assessees, they did not fall within that exclusion even if the payments were periodic and fixed. The earlier version of section 2(e)(1)(iv) was held inapplicable to the relevant assessment years. Case-Laws Wealth-tax Wed, 22 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9363