https://www.taxtmi.com/caselaws?id=28886 The court upheld the taxability of arrears of rent and their inclusion in the total wealth of the assessee, despite the cash system of accounting being followed. The court emphasized that the arrears had fructified into a decree and were considered assets of the assessee. The decision favored the Department, concluding that the arrears of rent were to be included in the net wealth of the assessee, regardless of the accounting system used. The Commissioner of Wealth-tax was awarded costs of Rs. 250. en-us Fri, 05 Mar 1982 00:00:00 +0530 Mon, 08 Mar 2010 13:40:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28886 The court upheld the taxability of arrears of rent and their inclusion in the total wealth of the assessee, despite the cash system of accounting being followed. The court emphasized that the arrears had fructified into a decree and were considered assets of the assessee. The decision favored the Department, concluding that the arrears of rent were to be included in the net wealth of the assessee, regardless of the accounting system used. The Commissioner of Wealth-tax was awarded costs of Rs. 250. Case-Laws Wealth-tax Fri, 05 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28886