https://www.taxtmi.com/caselaws?id=17472 Amounts credited under the Compulsory Deposit Scheme (Income-tax Payers) Act, 1974 were treated as a right to receive fixed, predetermined repayments in five equal instalments with interest after the prescribed period. That repayment structure satisfied the legal description of an annuity under wealth-tax jurisprudence, so the balance standing to the credit of the petitioners fell within the exemption for a right to any annuity under the Wealth-tax Act, 1957. The amount was therefore not taxable as an asset for wealth-tax purposes. en-us Thu, 10 Jul 1997 00:00:00 +0530 Mon, 03 May 2010 00:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17472 Amounts credited under the Compulsory Deposit Scheme (Income-tax Payers) Act, 1974 were treated as a right to receive fixed, predetermined repayments in five equal instalments with interest after the prescribed period. That repayment structure satisfied the legal description of an annuity under wealth-tax jurisprudence, so the balance standing to the credit of the petitioners fell within the exemption for a right to any annuity under the Wealth-tax Act, 1957. The amount was therefore not taxable as an asset for wealth-tax purposes. Case-Laws Wealth-tax Thu, 10 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17472