https://www.taxtmi.com/caselaws?id=59200 The ITAT held that the property value should not be included in the net wealth of the assessee as the property was not registered in their name during the relevant valuation dates. However, the investment made by the assessee on repairs and renewals should be included. The ITAT directed the exclusion of the property value from the net wealth for the assessment years 1986-87 and 1987-88, allowing the appeals subject to specific directions. The judgment focused on ownership and valuation of the property for wealth tax purposes, emphasizing registration status and investment in repairs. en-us Wed, 06 Oct 1993 00:00:00 +0530 Mon, 27 Dec 2010 10:44:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59200 The ITAT held that the property value should not be included in the net wealth of the assessee as the property was not registered in their name during the relevant valuation dates. However, the investment made by the assessee on repairs and renewals should be included. The ITAT directed the exclusion of the property value from the net wealth for the assessment years 1986-87 and 1987-88, allowing the appeals subject to specific directions. The judgment focused on ownership and valuation of the property for wealth tax purposes, emphasizing registration status and investment in repairs. Case-Laws Wealth-tax Wed, 06 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59200