https://www.taxtmi.com/caselaws?id=16930 The High Court of KERALA affirmed the Appellate Tribunal's valuation of the decree obtained by the assessee in a court case for assessment years 1970-71 and 1971-72. The court reiterated that the decree constituted an asset with a monetary value to be included in the net wealth calculation. Emphasizing the factual nature of asset valuation, the court found the Tribunal's assessment comprehensive and in line with established legal principles. Despite the assessee's absence during proceedings, the court ruled in favor of the Revenue, ensuring consistency in the treatment of such cases and directing the judgment to the appropriate tribunal for further action. en-us Fri, 06 Sep 1996 00:00:00 +0530 Mon, 14 Sep 2009 11:32:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16930 The High Court of KERALA affirmed the Appellate Tribunal's valuation of the decree obtained by the assessee in a court case for assessment years 1970-71 and 1971-72. The court reiterated that the decree constituted an asset with a monetary value to be included in the net wealth calculation. Emphasizing the factual nature of asset valuation, the court found the Tribunal's assessment comprehensive and in line with established legal principles. Despite the assessee's absence during proceedings, the court ruled in favor of the Revenue, ensuring consistency in the treatment of such cases and directing the judgment to the appropriate tribunal for further action. Case-Laws Wealth-tax Fri, 06 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16930