https://www.taxtmi.com/caselaws?id=61299 The Tribunal allowed the appeals, ruling that the cash incentives due to the assessees should not be included in their net wealth. The Tribunal emphasized that the cash incentives were not considered assets under the Wealth Tax Act, as the assessees did not have a definitive right, title, or interest in them. Additionally, the Tribunal held that the method of accounting followed by the firms, which included a cash basis for incentives, justified excluding these amounts from the net wealth until actually received. The appeals were therefore allowed in favor of the assessees. en-us Sun, 26 Jun 1983 00:00:00 +0530 Wed, 12 Jan 2011 11:25:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61299 The Tribunal allowed the appeals, ruling that the cash incentives due to the assessees should not be included in their net wealth. The Tribunal emphasized that the cash incentives were not considered assets under the Wealth Tax Act, as the assessees did not have a definitive right, title, or interest in them. Additionally, the Tribunal held that the method of accounting followed by the firms, which included a cash basis for incentives, justified excluding these amounts from the net wealth until actually received. The appeals were therefore allowed in favor of the assessees. Case-Laws Wealth-tax Sun, 26 Jun 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61299