https://www.taxtmi.com/caselaws?id=56707 Shares delivered and acknowledged before the valuation date were treated as transferred for net wealth purposes, so their value was excluded from the assessee trust's net wealth even though the company share register had not yet been updated. Completion of transfer between transferor and transferee did not depend on entry in the register. For the other three charitable institutions, the assessee failed to prove that dispatch by post was requested or that the Post Office acted as their agent, and the acknowledgements were received only after the valuation date. On those facts, the payment-by-post principle was inapplicable, so their shares remained includible in net wealth. en-us Sat, 05 Sep 1981 00:00:00 +0530 Mon, 06 Dec 2010 14:00:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56707 Shares delivered and acknowledged before the valuation date were treated as transferred for net wealth purposes, so their value was excluded from the assessee trust's net wealth even though the company share register had not yet been updated. Completion of transfer between transferor and transferee did not depend on entry in the register. For the other three charitable institutions, the assessee failed to prove that dispatch by post was requested or that the Post Office acted as their agent, and the acknowledgements were received only after the valuation date. On those facts, the payment-by-post principle was inapplicable, so their shares remained includible in net wealth. Case-Laws Wealth-tax Sat, 05 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56707