https://www.taxtmi.com/caselaws?id=12096 The court ruled in favor of the Revenue, deciding that annuities purchased by the assessee should be included in the net wealth. However, the assessee was granted the chance to utilize the benefit of section 5(1)(vi) to determine the extent of exemption applicable to the annuities. The case was remanded to the Tribunal for computation of this exemption under the specified section of the Wealth-tax Act. en-us Wed, 21 Aug 2002 00:00:00 +0530 Tue, 16 Feb 2010 19:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12096 The court ruled in favor of the Revenue, deciding that annuities purchased by the assessee should be included in the net wealth. However, the assessee was granted the chance to utilize the benefit of section 5(1)(vi) to determine the extent of exemption applicable to the annuities. The case was remanded to the Tribunal for computation of this exemption under the specified section of the Wealth-tax Act. Case-Laws Wealth-tax Wed, 21 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12096