https://www.taxtmi.com/caselaws?id=21933 The High Court declined to directly answer the question of whether income-tax refunds should be considered as assets for net wealth valuation on the valuation date. Instead, the matter was remanded to the Tribunal for further consideration based on guidelines provided in the judgment, considering the circumstances under which the refund arises. The decision was made unanimously by the judges, with no order as to costs. en-us Fri, 31 Jan 1992 00:00:00 +0530 Fri, 04 Dec 2009 12:48:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21933 The High Court declined to directly answer the question of whether income-tax refunds should be considered as assets for net wealth valuation on the valuation date. Instead, the matter was remanded to the Tribunal for further consideration based on guidelines provided in the judgment, considering the circumstances under which the refund arises. The decision was made unanimously by the judges, with no order as to costs. Case-Laws Wealth-tax Fri, 31 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21933