https://www.taxtmi.com/caselaws?id=15072 A disputed lottery prize claim was not includible in net wealth for the relevant assessment year because entitlement had not finally accrued on the valuation date and remained subject to litigation. An amount permitted to be drawn pending appeal against security was treated as a contingent claim rather than a realised asset. The assessee's undertaking to offer the amount for assessment on actual receipt also showed that the Revenue's interest was safeguarded until final resolution. On that basis, the disputed amount was excluded from net wealth for the year concerned. en-us Sat, 28 Nov 1998 00:00:00 +0530 Thu, 30 Jul 2009 14:15:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15072 A disputed lottery prize claim was not includible in net wealth for the relevant assessment year because entitlement had not finally accrued on the valuation date and remained subject to litigation. An amount permitted to be drawn pending appeal against security was treated as a contingent claim rather than a realised asset. The assessee's undertaking to offer the amount for assessment on actual receipt also showed that the Revenue's interest was safeguarded until final resolution. On that basis, the disputed amount was excluded from net wealth for the year concerned. Case-Laws Wealth-tax Sat, 28 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15072