https://www.taxtmi.com/caselaws?id=57007 The court upheld the Revenue's appeal, reversing the deletion of the addition of Rs. 1.50 lakhs related to F.D.Rs. in the names of the assessee's family members. The court determined that the F.D.Rs. purchased from compensation money received by the assessee should be included in the assessee's wealth under section 4(1)(a) of the Wealth-tax Act, 1957, as they were not accounted for in any other form. The court found that the affidavit submitted by the assessee's wife was not sufficient to prove otherwise, and thus the addition was deemed justified. en-us Thu, 29 Mar 2001 00:00:00 +0530 Tue, 07 Dec 2010 18:01:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57007 The court upheld the Revenue's appeal, reversing the deletion of the addition of Rs. 1.50 lakhs related to F.D.Rs. in the names of the assessee's family members. The court determined that the F.D.Rs. purchased from compensation money received by the assessee should be included in the assessee's wealth under section 4(1)(a) of the Wealth-tax Act, 1957, as they were not accounted for in any other form. The court found that the affidavit submitted by the assessee's wife was not sufficient to prove otherwise, and thus the addition was deemed justified. Case-Laws Income Tax Thu, 29 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57007