https://www.taxtmi.com/caselaws?id=21870 The court held that the proportionate tax liability under section 68 of the Finance Act, 1965, was deductible in computing the net wealth. It also ruled that the right to receive compensation and interest did not constitute an asset for wealth-tax purposes until the consent decree was passed. The questions were answered in favor of the assessee, with no order as to costs. en-us Tue, 23 Apr 1991 00:00:00 +0530 Wed, 02 Dec 2009 17:09:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21870 The court held that the proportionate tax liability under section 68 of the Finance Act, 1965, was deductible in computing the net wealth. It also ruled that the right to receive compensation and interest did not constitute an asset for wealth-tax purposes until the consent decree was passed. The questions were answered in favor of the assessee, with no order as to costs. Case-Laws Wealth-tax Tue, 23 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21870