https://www.taxtmi.com/caselaws?id=58586 The Tribunal allowed all appeals, directing the exclusion of the amounts paid by the individual for the HUF's tax liability from the assessment of wealth tax for the relevant years. The Tribunal held that if the property ceased to exist with either the individual or the HUF, its value cannot be included in the wealth, emphasizing valuation is only possible for existing assets. en-us Wed, 22 Oct 1986 00:00:00 +0530 Mon, 20 Dec 2010 17:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58586 The Tribunal allowed all appeals, directing the exclusion of the amounts paid by the individual for the HUF's tax liability from the assessment of wealth tax for the relevant years. The Tribunal held that if the property ceased to exist with either the individual or the HUF, its value cannot be included in the wealth, emphasizing valuation is only possible for existing assets. Case-Laws Income Tax Wed, 22 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58586