https://www.taxtmi.com/caselaws?id=60981 The Tribunal upheld the decision that the sum received by the assessee as provident fund and gratuity was exempt from wealth-tax for the assessment year 1976-77. The Tribunal emphasized that since the amounts were sanctioned after the valuation date of 31-3-1976 and the assessee had no right of disposal over them until sanctioned, they were not includible in the net wealth. Additionally, interest on the provident fund calculated after the valuation date and the specific formula for gratuity calculation further supported the exemption. The revenue's appeal was dismissed. en-us Thu, 18 Mar 1982 00:00:00 +0530 Mon, 10 Jan 2011 12:27:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60981 The Tribunal upheld the decision that the sum received by the assessee as provident fund and gratuity was exempt from wealth-tax for the assessment year 1976-77. The Tribunal emphasized that since the amounts were sanctioned after the valuation date of 31-3-1976 and the assessee had no right of disposal over them until sanctioned, they were not includible in the net wealth. Additionally, interest on the provident fund calculated after the valuation date and the specific formula for gratuity calculation further supported the exemption. The revenue's appeal was dismissed. Case-Laws Wealth-tax Thu, 18 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60981