https://www.taxtmi.com/caselaws?id=58869 The Tribunal dismissed the assessee's appeals, allowing the revenue's appeals by including the value of 2,000 bonus shares and Rs. 1,20,000 fixed deposit in the assessee's net wealth. The valuation of shares under Rule 1D was upheld, emphasizing the importance of looking beyond form to ascertain the true ownership of assets. The Tribunal concluded that the oral declaration of trust was a facade, as the assessee retained control over the shares, indicating no genuine transfer had occurred. en-us Fri, 24 Apr 1987 00:00:00 +0530 Wed, 22 Dec 2010 15:42:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58869 The Tribunal dismissed the assessee's appeals, allowing the revenue's appeals by including the value of 2,000 bonus shares and Rs. 1,20,000 fixed deposit in the assessee's net wealth. The valuation of shares under Rule 1D was upheld, emphasizing the importance of looking beyond form to ascertain the true ownership of assets. The Tribunal concluded that the oral declaration of trust was a facade, as the assessee retained control over the shares, indicating no genuine transfer had occurred. Case-Laws Wealth-tax Fri, 24 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58869