https://www.taxtmi.com/caselaws?id=57452 The appeals were allowed in part, affirming the valuation and discounting decision for the encroached coffee land. The encroached land was considered as an includible asset in the firm's total wealth, despite being wrongfully occupied. The possessory right of the wrongful occupant was deemed a substantial right, justifying its valuation. The exemption under section 2(e)(1)(v) was denied due to the firm's possession exceeding the stipulated period. A 50% discount on the rate adopted for the firm's owned land was upheld for the encroached land, based on its precarious possessory interest. en-us Mon, 31 Dec 1990 00:00:00 +0530 Fri, 10 Dec 2010 12:22:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57452 The appeals were allowed in part, affirming the valuation and discounting decision for the encroached coffee land. The encroached land was considered as an includible asset in the firm's total wealth, despite being wrongfully occupied. The possessory right of the wrongful occupant was deemed a substantial right, justifying its valuation. The exemption under section 2(e)(1)(v) was denied due to the firm's possession exceeding the stipulated period. A 50% discount on the rate adopted for the firm's owned land was upheld for the encroached land, based on its precarious possessory interest. Case-Laws Wealth-tax Mon, 31 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57452