https://www.taxtmi.com/caselaws?id=19165 The Bombay High Court held that the value of the right to receive annuities in the future should be included in the assessee's net wealth under the Wealth-tax Act. The court determined that the annuity policies secured on fixed and predetermined payments constituted assets under the Act, contrary to the Tribunal's decision. The judgment favored the Revenue, emphasizing the inclusion of annuities in the net wealth based on the Act's definitions and conditions. en-us Mon, 12 Dec 1994 00:00:00 +0530 Wed, 04 Nov 2009 13:37:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19165 The Bombay High Court held that the value of the right to receive annuities in the future should be included in the assessee's net wealth under the Wealth-tax Act. The court determined that the annuity policies secured on fixed and predetermined payments constituted assets under the Act, contrary to the Tribunal's decision. The judgment favored the Revenue, emphasizing the inclusion of annuities in the net wealth based on the Act's definitions and conditions. Case-Laws Wealth-tax Mon, 12 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19165