https://www.taxtmi.com/caselaws?id=19093 The court ruled in favor of the Revenue, holding that advance tax should not be deducted when valuing shares for wealth tax purposes. Additionally, the court determined that a compulsory deposit qualifies as an asset under the Wealth-tax Act, emphasizing that it falls within the broad definition of "property" and should be included in the assessee's net wealth. en-us Tue, 06 Dec 1994 00:00:00 +0530 Wed, 04 Nov 2009 10:15:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19093 The court ruled in favor of the Revenue, holding that advance tax should not be deducted when valuing shares for wealth tax purposes. Additionally, the court determined that a compulsory deposit qualifies as an asset under the Wealth-tax Act, emphasizing that it falls within the broad definition of "property" and should be included in the assessee's net wealth. Case-Laws Wealth-tax Tue, 06 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19093