https://www.taxtmi.com/caselaws?id=55337 The Tribunal determined that the Stock Exchange Membership Card is a property and an asset under section 2(e) of the WT Act, 1957, making it subject to wealth tax. It upheld the valuation at Rs. 10 lakhs, based on auction prices, and found the reopening of assessments justified. The appeals and cross-objections were partly allowed. en-us Thu, 30 Sep 2004 00:00:00 +0530 Wed, 05 Jun 2024 19:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55337 The Tribunal determined that the Stock Exchange Membership Card is a property and an asset under section 2(e) of the WT Act, 1957, making it subject to wealth tax. It upheld the valuation at Rs. 10 lakhs, based on auction prices, and found the reopening of assessments justified. The appeals and cross-objections were partly allowed. Case-Laws Wealth-tax Thu, 30 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55337