https://www.taxtmi.com/caselaws?id=58971 The Tribunal vacated the AAC's order and directed the WTO to exclude the assessee's share in the reserves from his net wealth. The appeal was partly allowed, confirming that the current account balance is not exempt under section 5(1)(xxxii) and emphasizing the correct method for valuing the assessee's interest in the firms. en-us Fri, 30 Jan 1987 00:00:00 +0530 Thu, 23 Dec 2010 13:42:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58971 The Tribunal vacated the AAC's order and directed the WTO to exclude the assessee's share in the reserves from his net wealth. The appeal was partly allowed, confirming that the current account balance is not exempt under section 5(1)(xxxii) and emphasizing the correct method for valuing the assessee's interest in the firms. Case-Laws Wealth-tax Fri, 30 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58971