https://www.taxtmi.com/caselaws?id=14606 The value of an assessee's right to receive compensation must be assessed at its present value on the valuation date when the compensation is payable only much later. It cannot be treated as equal to the full amount ultimately payable under the statute merely because the right exists on the valuation date. Applying the principles laid down by the Supreme Court, the Tribunal's view that the compensation amount itself was not includible in net wealth was held unsustainable, and the question was answered in favour of the assessee. en-us Wed, 05 Jul 2000 00:00:00 +0530 Fri, 17 Jul 2009 13:57:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14606 The value of an assessee's right to receive compensation must be assessed at its present value on the valuation date when the compensation is payable only much later. It cannot be treated as equal to the full amount ultimately payable under the statute merely because the right exists on the valuation date. Applying the principles laid down by the Supreme Court, the Tribunal's view that the compensation amount itself was not includible in net wealth was held unsustainable, and the question was answered in favour of the assessee. Case-Laws Wealth-tax Wed, 05 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14606