https://www.taxtmi.com/caselaws?id=58973 The tribunal held that valuable rights in films must be included in the assessee's net wealth, despite not being disclosed in the balance sheet, as per section 7(2)(a) of the Wealth-tax Act, 1957. The tribunal emphasized the inclusion of all assets in the balance sheet and upheld the revenue's appeal for the assessment year 1979-80 while partly allowing it for 1980-81. Various issues related to asset valuation and treatment of undisclosed assets in wealth tax assessment were addressed in the judgment. en-us Fri, 30 Jan 1987 00:00:00 +0530 Thu, 23 Dec 2010 13:46:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58973 The tribunal held that valuable rights in films must be included in the assessee's net wealth, despite not being disclosed in the balance sheet, as per section 7(2)(a) of the Wealth-tax Act, 1957. The tribunal emphasized the inclusion of all assets in the balance sheet and upheld the revenue's appeal for the assessment year 1979-80 while partly allowing it for 1980-81. Various issues related to asset valuation and treatment of undisclosed assets in wealth tax assessment were addressed in the judgment. Case-Laws Wealth-tax Fri, 30 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58973