https://www.taxtmi.com/caselaws?id=25275 An accrued and enforceable right to receive deferred dividend is treated as an asset for wealth-tax purposes, so the declared dividend, after deduction of tax at source, was includible in net wealth. The attempted discounting of the gross dividend to present value was not accepted on the facts stated. By contrast, where the temporary dividend restriction legislation postponed the very accrual of interest instalments until the expiry of specified periods, those instalments were not assets held on the valuation date and were not includible in net wealth. en-us Fri, 23 Oct 1987 00:00:00 +0530 Wed, 27 Jan 2010 16:07:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25275 An accrued and enforceable right to receive deferred dividend is treated as an asset for wealth-tax purposes, so the declared dividend, after deduction of tax at source, was includible in net wealth. The attempted discounting of the gross dividend to present value was not accepted on the facts stated. By contrast, where the temporary dividend restriction legislation postponed the very accrual of interest instalments until the expiry of specified periods, those instalments were not assets held on the valuation date and were not includible in net wealth. Case-Laws Wealth-tax Fri, 23 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25275