https://www.taxtmi.com/caselaws?id=57604 For wealth-tax purposes, mere occupation of government land without title or a vested interest does not make the land an asset of the assessee. Where the Government remains the owner, adverse possession for the statutory period is not established, and regularisation has been refused, the assessee's possession is only permissive or at sufferance. In that situation, the value of the encroached land is not includible in net wealth. Section 2(e)(v) of the Wealth-tax Act also supports exclusion because any interest in the land is not a vested interest of the kind contemplated by the definition of asset. en-us Tue, 15 Apr 1986 00:00:00 +0530 Sat, 11 Dec 2010 11:06:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57604 For wealth-tax purposes, mere occupation of government land without title or a vested interest does not make the land an asset of the assessee. Where the Government remains the owner, adverse possession for the statutory period is not established, and regularisation has been refused, the assessee's possession is only permissive or at sufferance. In that situation, the value of the encroached land is not includible in net wealth. Section 2(e)(v) of the Wealth-tax Act also supports exclusion because any interest in the land is not a vested interest of the kind contemplated by the definition of asset. Case-Laws Income Tax Tue, 15 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57604