https://www.taxtmi.com/caselaws?id=59299 An assignee's annuity policies could not be finally treated as taxable wealth on incomplete records, because the taxability of income from an assigned source depends on the nature of the assignment and the rights transferred; the matter was therefore restored for fresh consideration. Royalty rights were recognised as a taxable asset, but their value had to reflect the uncertain, diminishing character of royalty income, so a realistic capitalised valuation based on average past and expected receipts was preferred and the adopted valuation was modified accordingly. en-us Wed, 07 Sep 1988 00:00:00 +0530 Mon, 27 Dec 2010 17:00:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59299 An assignee's annuity policies could not be finally treated as taxable wealth on incomplete records, because the taxability of income from an assigned source depends on the nature of the assignment and the rights transferred; the matter was therefore restored for fresh consideration. Royalty rights were recognised as a taxable asset, but their value had to reflect the uncertain, diminishing character of royalty income, so a realistic capitalised valuation based on average past and expected receipts was preferred and the adopted valuation was modified accordingly. Case-Laws Wealth-tax Wed, 07 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59299