https://www.taxtmi.com/caselaws?id=12359 A compulsory deposit made under the Compulsory Deposit (Income-tax Payers) Scheme, 1974 was treated by the statutory deeming fiction in section 7A as a deposit with a banking company for exemption under the Wealth-tax Act, 1957. On that basis, the deposit was not liable to wealth-tax and was excluded from the assessee's net wealth for the relevant assessment years. en-us Thu, 27 Jun 2002 00:00:00 +0530 Mon, 22 Feb 2010 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12359 A compulsory deposit made under the Compulsory Deposit (Income-tax Payers) Scheme, 1974 was treated by the statutory deeming fiction in section 7A as a deposit with a banking company for exemption under the Wealth-tax Act, 1957. On that basis, the deposit was not liable to wealth-tax and was excluded from the assessee's net wealth for the relevant assessment years. Case-Laws Wealth-tax Thu, 27 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12359