https://www.taxtmi.com/caselaws?id=29141 The court affirmed the Tribunal's decision that taxes ultimately found payable should be deducted in computing net wealth. In the case of assets inherited from the deceased father, the court held that they should be included in the assessee's net wealth for both assessment years, emphasizing that inheritance is immediate upon death. The court rejected the argument that the estate was under administration and should be separately assessed, concluding that the inherited assets belonged to the assessee and should be part of his net wealth. en-us Tue, 25 Mar 1980 00:00:00 +0530 Thu, 11 Mar 2010 11:06:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29141 The court affirmed the Tribunal's decision that taxes ultimately found payable should be deducted in computing net wealth. In the case of assets inherited from the deceased father, the court held that they should be included in the assessee's net wealth for both assessment years, emphasizing that inheritance is immediate upon death. The court rejected the argument that the estate was under administration and should be separately assessed, concluding that the inherited assets belonged to the assessee and should be part of his net wealth. Case-Laws Wealth-tax Tue, 25 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29141