https://www.taxtmi.com/caselaws?id=21466 The High Court held that intangible additions made in income-tax proceedings can be considered assets of the assessee for wealth-tax assessment purposes unless proven otherwise. The Tribunal deleted the intangible additions, stating they are part of real income and included in net wealth unless proven otherwise. The Court emphasized that unless it was proven that the intangible additions were not available with the assessee on relevant valuation dates, they should be considered part of taxable wealth. The Court directed the Tribunal to reconsider the appeals in light of this legal opinion. en-us Thu, 16 Apr 1992 00:00:00 +0530 Tue, 24 Nov 2009 16:03:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21466 The High Court held that intangible additions made in income-tax proceedings can be considered assets of the assessee for wealth-tax assessment purposes unless proven otherwise. The Tribunal deleted the intangible additions, stating they are part of real income and included in net wealth unless proven otherwise. The Court emphasized that unless it was proven that the intangible additions were not available with the assessee on relevant valuation dates, they should be considered part of taxable wealth. The Court directed the Tribunal to reconsider the appeals in light of this legal opinion. Case-Laws Wealth-tax Thu, 16 Apr 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21466