https://www.taxtmi.com/caselaws?id=57986 The Tribunal held that the assessee's share in the unexpired contractual period of distribution rights of the firm constituted an asset liable to wealth-tax under the Wealth-tax Act. Despite valuation challenges, the right was deemed includible in the net wealth of the assessee, following the prescribed valuation methods. The Tribunal rejected the assessee's arguments regarding the nature and value of the rights, emphasizing that all assets must be considered for wealth-tax purposes. The appeal was dismissed, affirming the inclusion of the asset in the net wealth subject to rectification. en-us Tue, 02 Jan 1990 00:00:00 +0530 Wed, 15 Dec 2010 17:06:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57986 The Tribunal held that the assessee's share in the unexpired contractual period of distribution rights of the firm constituted an asset liable to wealth-tax under the Wealth-tax Act. Despite valuation challenges, the right was deemed includible in the net wealth of the assessee, following the prescribed valuation methods. The Tribunal rejected the assessee's arguments regarding the nature and value of the rights, emphasizing that all assets must be considered for wealth-tax purposes. The appeal was dismissed, affirming the inclusion of the asset in the net wealth subject to rectification. Case-Laws Wealth-tax Tue, 02 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57986