https://www.taxtmi.com/caselaws?id=57928 The Tribunal upheld the decisions of the lower authorities, denying exemptions for coin collections and miniature paintings under the Wealth-tax Act. The assessee's failure to prove intentions of retaining the assets as heirlooms and lack of evidence for shared ownership with brothers led to the dismissal of the appeal. Additionally, the inclusion and valuation of foreign currency notes in the assessment were upheld due to insufficient arguments from the assessee. en-us Mon, 31 Aug 1992 00:00:00 +0530 Wed, 15 Dec 2010 15:01:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57928 The Tribunal upheld the decisions of the lower authorities, denying exemptions for coin collections and miniature paintings under the Wealth-tax Act. The assessee's failure to prove intentions of retaining the assets as heirlooms and lack of evidence for shared ownership with brothers led to the dismissal of the appeal. Additionally, the inclusion and valuation of foreign currency notes in the assessment were upheld due to insufficient arguments from the assessee. Case-Laws Wealth-tax Mon, 31 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57928