https://www.taxtmi.com/caselaws?id=38468 The court upheld the Tribunal's decisions on both issues. The valuation of shares at face value was justified due to significant remittance restrictions and the resultant inability to pay dividends. Similarly, uncashed dividends, being conditional and not actually received, were rightly excluded from the net wealth computation. The questions were answered in the affirmative and in favor of the assessees, with the revenue directed to pay the costs of the reference. en-us Tue, 12 Jul 1977 00:00:00 +0530 Tue, 06 Apr 2010 13:38:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38468 The court upheld the Tribunal's decisions on both issues. The valuation of shares at face value was justified due to significant remittance restrictions and the resultant inability to pay dividends. Similarly, uncashed dividends, being conditional and not actually received, were rightly excluded from the net wealth computation. The questions were answered in the affirmative and in favor of the assessees, with the revenue directed to pay the costs of the reference. Case-Laws Wealth-tax Tue, 12 Jul 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38468