https://www.taxtmi.com/caselaws?id=313720 The HC ruled in favor of the assessee, determining that the right to claim sums from two trusts did not constitute an asset under the Wealth Tax Act until exercised. Consequently, these rights were excluded from her net wealth for wealth tax assessment for the years 1965-66 to 1972-73. No costs were awarded. en-us Tue, 17 Jul 1990 00:00:00 +0530 Thu, 09 May 2024 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313720 The HC ruled in favor of the assessee, determining that the right to claim sums from two trusts did not constitute an asset under the Wealth Tax Act until exercised. Consequently, these rights were excluded from her net wealth for wealth tax assessment for the years 1965-66 to 1972-73. No costs were awarded. Case-Laws Wealth-tax Tue, 17 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313720