https://www.taxtmi.com/caselaws?id=27560 The court ruled in favor of the assessee, determining that the amount of Rs. 82,264 should not be included in the net wealth for the assessment years 1968-69 to 1971-72. The court held that until the final assessment order was made, the assessee had no right or interest in the excess amount deposited as advance tax. Therefore, the refund amount could not be considered part of the assessee's wealth on the relevant valuation dates. The decision favored the assessee against the Revenue, with no costs awarded. en-us Wed, 18 Apr 1984 00:00:00 +0530 Sat, 13 Feb 2010 15:46:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27560 The court ruled in favor of the assessee, determining that the amount of Rs. 82,264 should not be included in the net wealth for the assessment years 1968-69 to 1971-72. The court held that until the final assessment order was made, the assessee had no right or interest in the excess amount deposited as advance tax. Therefore, the refund amount could not be considered part of the assessee's wealth on the relevant valuation dates. The decision favored the assessee against the Revenue, with no costs awarded. Case-Laws Income Tax Wed, 18 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27560