https://www.taxtmi.com/caselaws?id=58909 The Tribunal ruled in favor of the revenue, upholding the inclusion of the value of jeeps in the net wealth for wealth tax assessment. Jeeps were classified as motor cars based on judicial precedent and legal interpretations, despite arguments that they are primarily utility vehicles. The decision relied on the common understanding of "motor car" as a vehicle used for passenger conveyance, noting the evolution of jeeps from military to civilian use on rough terrains similar to motor cars. en-us Tue, 28 Jul 1992 00:00:00 +0530 Wed, 22 Dec 2010 17:14:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58909 The Tribunal ruled in favor of the revenue, upholding the inclusion of the value of jeeps in the net wealth for wealth tax assessment. Jeeps were classified as motor cars based on judicial precedent and legal interpretations, despite arguments that they are primarily utility vehicles. The decision relied on the common understanding of "motor car" as a vehicle used for passenger conveyance, noting the evolution of jeeps from military to civilian use on rough terrains similar to motor cars. Case-Laws Wealth-tax Tue, 28 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58909