https://www.taxtmi.com/caselaws?id=29495 A Mitakshara coparcener may validly dispose of his interest by testament under the Hindu Succession Act, 1956, and property received by sons under such a will does not automatically become Hindu undivided family property. On that basis, the bequeathed properties were excluded from the assessee-HUF's net wealth. An inchoate right to compensation under the West Bengal Estates Acquisition Act, 1953 does not amount to an asset under the Wealth-tax Act, 1957 until the compensation is ascertained and made legally enforceable. The unascertained compensation claim was therefore not includible in net wealth. en-us Wed, 29 Apr 1981 00:00:00 +0530 Sat, 13 Mar 2010 13:02:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29495 A Mitakshara coparcener may validly dispose of his interest by testament under the Hindu Succession Act, 1956, and property received by sons under such a will does not automatically become Hindu undivided family property. On that basis, the bequeathed properties were excluded from the assessee-HUF's net wealth. An inchoate right to compensation under the West Bengal Estates Acquisition Act, 1953 does not amount to an asset under the Wealth-tax Act, 1957 until the compensation is ascertained and made legally enforceable. The unascertained compensation claim was therefore not includible in net wealth. Case-Laws Wealth-tax Wed, 29 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29495