https://www.taxtmi.com/caselaws?id=9428 A compulsory deposit standing to an assessee's credit was not excluded from net wealth under the Wealth-tax Act because the exclusion for an annuity under section 2(e)(2)(ii) applies only to a right not commutable into a lump sum, whereas this deposit was repayable in instalments and did not fit that description. The deposit was therefore an asset liable to inclusion in net wealth, with exemption available only to the extent specifically granted under section 5(1A). en-us Wed, 06 Jul 2005 00:00:00 +0530 Mon, 22 Jun 2009 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9428 A compulsory deposit standing to an assessee's credit was not excluded from net wealth under the Wealth-tax Act because the exclusion for an annuity under section 2(e)(2)(ii) applies only to a right not commutable into a lump sum, whereas this deposit was repayable in instalments and did not fit that description. The deposit was therefore an asset liable to inclusion in net wealth, with exemption available only to the extent specifically granted under section 5(1A). Case-Laws Wealth-tax Wed, 06 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9428